Garment export to the European Union (EU) within the July-April interval of the present fiscal 12 months grew by 3.66 p.c from that within the corresponding interval of final fiscal 12 months to succeed in $19.90 billion.
Among the many EU member nations, garment export to Denmark grew by the very best margin of 32 p.c, based on information from the Export Promotion Bureau compiled by the Bangladesh Garment Producers and Exporters Affiliation (BGMEA).
In the meantime, garment export to Poland grew by 20.65 p.c adopted by 17.51 p.c to the Netherlands, 6.07 p.c to Spain and three.42 p.c to France.
Nonetheless, attire export to Italy declined by 2.45 p.c, as per the country-wise garment export information compiled by the BGMEA.
Furthermore, garment export to Germany, the biggest export market within the EU, amounted to $5.01 billion.
This was a decline of 9.40 p.c from that within the July-April interval of fiscal 12 months 2022-23.
Garment export to the US reached $6.81 billion within the first 10 months of FY2023-24, declining by 1.90 p.c year-on-year.
On the similar time, attire export to the UK and Canada reached $4.8 billion and $1.26 million in FY2023-24, showcasing year-on-year growths of 14.55 p.c and a couple of.95 p.c respectively.
Throughout the July-April interval of FY 2023-24, attire export to non-traditional markets grew by 10 p.c to $7.70 billion.
It was $7 billion within the corresponding interval of the earlier fiscal 12 months.
Among the many main non-traditional markets, garment exports to Japan, Australia and South Korea elevated by 6.14 p.c, 17.18 p.c and 14.73 p.c respectively.
Nonetheless, attire exports to India declined by 22.44 p.c. The decline has been steadily coming about since August 2023.
