Bangladesh’s apparel exports are declining, with its 2023 receipts from the EU—its largest market—falling by 20.65 per cent YoY to €17.38 billion.
Knitwear fetched €10.64 billion from the EU, down from €13.95 billion in 2022, and woven items earned €6.74 billion compared to €7.95 billion in 2022.
As inventories dropped in December, a turnaround is expected.Bangladesh’s apparel exports are declining, with its 2023 receipts from the EU—its largest market—falling by 20.65 per cent YoY to €17.38 billion.
Knitwear fetched €10.64 billion from the EU, down from €13.95 billion in 2022, and woven items earned €6.74 billion compared to €7.95 billion in 2022.
As inventories dropped in December, a turnaround is expected.
