The EU apparel imports from Bangladesh increased by 44.60% over the same period last year, according to Eurostat data published for January-June ’22. Bangladesh is the second highest source of EU imports after China, with $11.31 billion.
A total of $12.22 billion in apparel was imported by the EU from China during the said timeframe and registered a growth of 21.78% year-over-year, while a total of $10.89 billion was exported by Turkey during the same period.
Other top countries with high growth are Cambodia at 40.15%, Pakistan at 32.28%, Indonesia at 28.64%, and India at 24.90%.
The increase in EU imports has been attributed mainly to the recovery from the pandemic as well as to consumers’ increased shopping habits. As a result of the recent Russia-Ukraine war and higher inflation rates, the upward trend may not last.
Md. Mohiuddin Rubel, Director, BGMEA said, “we observed that Bangladesh’s total export maintained significant growth until August 2022, which means EU’s imports from Bangladesh might keep on positive trend till September and may falter afterward as retail sales are already affected by economic turmoil and buyers being cautious about overstock and current production.”