Mohiuddin Rubel, Director, BGMEA
The European statistics organization ‘EUROSTAT’ published the latest apparel import statistics of EU for the period of January-May, 2022. As per the statistics, EU’s imports from Bangladesh increased by 44.95% to USD 9.58 billion during the mentioned period while their global apparel import grew by 24.37%. EU’s clothing import from China reached USD 10.19 billion with 20.67% year-over-year growth. Other countries having significant growths were Cambodia 32.68%, Pakistan 29.28%, Indonesia 25.36%, Vietnam 22.34%, and Morocco 20.05%.
So far the import figure of the EU indicates a good position of Bangladesh’s apparel in EU markets. But due to the recent geopolitical tension, retailers are struggling to adapt to an increasingly inflationary global market.
The retail sales of many European brands have declined which increased their inventory stock. Considering all these factors, our export to EU market might be shown declining trend in the coming months.