We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jul 17, 202412:00pm

Bangladesh slows down fashion exports: 7.7% drop in five months

The export of ready-made garments from the Asian country fell 7.7%, 13 billion dollars in the five months to November, according to the Export Promotion Bureau.

Jan 9, 2020 — 7:07pm

Bangladesh slows down in fashion exports: 7.7% drop in five months



Bangladesh’s ready-made garments exports slow down. The Asian country cut its fashion exports by 7.7% in the last five months, according to data from the Export Promotion Bureau.


Concretely, the country exported fashion goods worth 13 billion dollars in its period. Foreign sales of knitwear dropped 6.7%, while woven garments fell 8.7% to 6.3 billion dollars in comparison to last year at the same period.


The Asian country is the world’s second-largest clothing exporter, moreover, the textile and the apparel sector weighs heavily on the county’s economy. More than 6% of world apparel exports originate from Bangladesh.


Presently, the European Union is the largest customer of the fashion industry in Bangladesh as it represents 50% of the country’s fashion imports. However, Bangladesh is expected to slow its fashion exports to Europe in the upcoming four years.


In parallel, the Asian country is expected to enter the list of less developed regions in 2024, which will entail endangering the tariff benefits established with the European Union, Canada and Japan, among others.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment