EU’s apparel import from Bangladesh increased by 43.21pc

Staff Reporter :
The European statistics organisation ‘EUROSTAT’ released the latest apparel import statistics of the European Union for the period of January-September, 2022.
According to the statistics, EU’s imports from Bangladesh increased by 43.21 per cent to USD 17.56 billion during the period compared with the corresponding period of 2021 whereas their import from the world grew by 27.87 per cent.
As before Bangladesh remained the 2nd largest source for Europe with 22.56 per cent share while China was in the top position with 29.04 per cent share. EU imported USD 22.59 billion worth of clothing from China during the first nine months of 2022 while the year-on-year growth was 25.19 per cent.
Being the 3rd largest apparel import source,
EU’s imports from Turkey reached USD 9.19 billion with 14.86 per cent year-over-year growth. On the other hand, EU’s import from India increased by 25.85 per cent.
Among the top ten apparel suppliers to the EU, Bangladesh attained the highest growth. Other countries having significant growths were Cambodia 41.08 per cent, Indonesia 33.46 per cent, and Pakistan 30.76 per cent.
Mohiuddin Rubel, Director of the Garment Manufacturers and Exporters Association (BGMEA), told the Daily Observer that so far the import figure of the EU indicates a good position of Bangladesh’s apparel in EU markets. But due to the recent geopolitical tension, retailers are struggling to adapt to an increasingly inflationary global market which is not good news for the manufacturers. Considering all these factors, our export to the EU market might see some slowdown in the following months, October 2022 onwards.
“I am sending you the data sheet for January-September 2022 in the attachment for your information. Hope you will find it useful.” he added.
Rubel said “Due to the global economic instability and the impact on the retail market, exports to major markets including the United States and Germany have been relatively low. However, among non-traditional markets, exports to Japan increased. Our exports to India are increasing at a significant rate.”
Entrepreneurs say that however the export increased recently but the export order is not good. The Export order has gradually decreased in the last few months.