During January-August 2018, Bangladesh denim exports to the EU increased 4.23 per cent compared to the same period last year. There was a healthy rise in denim exports to the US and European Union (EU) markets. The country witnessed 14.20 per cent rise in export earnings from January to September 2018.
Many factors have worked in favor of Bangladesh such as improved technology in fabrics manufacturing; better safety standards in the apparel sector; and the ongoing trade war between China and the US. Buyers’ confidence for sourcing products from the country has got a boost.
Bangladesh has increased its production capacity in both denim fabric manufacturing and denim products. Bangladeshi manufacturers have also moved to introduce the latest technologies for improved quality of products. The country has established state of the art denim fabric manufacturing plants with increased production capacity. This has attracted more work orders from buyers in the US and EU. As a result, manufacturers can supply orders within a much shorter time compared to earlier.
