Bangladesh's RMG exports to EU jump 37% in Jan-Feb

The EU saw a significant surge of 17.81 per cent year on year (YoY) in apparel imports during the two months, worth $16.10 billion. There was a notable 28.66-per cent YoY spike in volume and an 8.44-per cent YoY decrease in average unit prices.

China's apparel exports to the EU reached $4.54 billion during the period—up from $3.63 billion the same two months last year. However, Turkiye faced a 3.64-per cent YoY decrease in apparel exports to the EU during the period, amounting to $1.61 billion, while Vietnam recorded a 16.58-per cent YoY export growth, reaching $759 million.

India, Pakistan and Cambodia garnered $865 million, $711 million and $775 million respectively in the two-month period from the EU apparel market.

Meanwhile, Bangladesh's global apparel exports in the first two months this year grew by 36.99 per cent YoY in value, backed by a 39.02-per cent increase in volume. But a 1.46-per cent YoY drop in unit price is a challenge to maintain profitability, according to domestic media outlets.

Fibre2Fashion News Desk (DS)