According to a report by Bangladesh’s “Business Standard” on August 28, Eurostat data showed that from January to May 2022, the EU’s imports of ready-made clothing products increased by 24.37%. Among them, the EU imported US$10.19 billion of garment products from China, an increase of 20.67%; imports from Bangladesh increased by 44.95%; imports from Cambodia increased by 32.68%; imports from Pakistan, Indonesia, Vietnam, and Morocco increased by 32.68%, 29.28%, 25.36%, and 22.34%. %, 20.05%.
The chairman of the Bangladesh Garment Manufacturing and Export Association said that although the above data show that Bangladesh’s export of garments to the EU has a good momentum, due to the recent inflation, European garment retail brands With sales falling and inventories rising, Bangladesh’s ready-made garment exports to the EU are likely to decline in the coming months.
