Bangladesh’s garment exports to the EU increased by % year-on-year
Bangladesh’s garment exports to the EU from January to October 2022 increased by 60.8% to 18.47 billion euros compared with 11.49 billion euros in the same period of 2021. This was due to the unit price and the increase in trading groups Export amount.
Data released by Eurostat in December 2022 show that the EU’s imports of knitted garments from Bangladesh in October 2022 increased by 61.8 compared with 7.26 billion euros in the same period in 2021. % reached 11.74 billion euros.
During this period, the export value of woven garments exported to the EU was 6.73 billion euros, 59% higher than the 4.23 billion euros in the same period in 2021.
Data show that Bangladesh is still the second largest garment exporter in the EU, with China and Turkey occupying the first and second positions respectively.
Exporters said that due to rising raw material prices and rising global product prices, revenue from exports to the EU will grow strongly from January to October 2022.
It said that due to the decline in global raw material prices in recent months, customers have begun to negotiate with suppliers to reduce unit prices, so export growth may slow down in the next few months. slow.
Eurostat data shows that the EU’s total imports from January to October 2022 were 2.5 trillion euros, an increase of 47.7% compared with 1.7 trillion euros in the same period in 2021.
The EU’s imports of ready-made clothing from China from January to October 2022 increased by 39.2% to 24.4 billion euros compared with 17.52 billion euros in the same period of 2021.
The EU’s imports of ready-made clothing from Turkey from January to October 2022 increased by 27.7% to 9.62 billion euros compared with 7.53 billion euros in the same period in 2021.
The EU’s imports of ready-made garments from India from January to October 2022 increased by 39.4% to 4 billion euros compared with 2.87 billion euros in the same period in 2021.
The EU’s imports of ready-made clothing from Vietnam from January to October 2022 increased by 51% to 3.58 billion euros compared with 2.37 billion euros in the same period in 2021.
The EU’s imports of ready-made clothing from Pakistan from January to October 2022 increased by 45.8% to 3.08 billion euros compared with 2.11 billion euros in the same period in 2021.
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