Bangladesh RMG exports have continued to perform better in the non-traditional markets during fiscal July to March ’18. The country exported apparels worth US $ 3457.34 million in these markets (which exclude US, EU and Canada), marking a growth of 7.31 per cent on Y-o-Y basis.
As analysed by Apparel Resources, Japan topped the tally with imports from Bangladesh worth US $ 626.68 million; a figure which jumped by 5.83 per cent on the yearly note.
Australia too saw a steep climb of 9.83 per cent in its imports from Bangladesh to help the country earn US $ 495.31 million in the review period. During previous fiscal, in the same period, the figure stood at US $ 450.85 million.
Third in the tally, Russia, which is an emerging market as far as clothing retail is concerned, also imported more apparels from Bangladesh over the last fiscal. Bangladesh escalated its RMG exports to Russia by 18.76 per cent and apparel shipments were valued at US $ 298.11 million.
However, ‘Made in Bangladesh’ apparels could not see any major turnaround in the Chinese market which grabbed the 4th rank in the table and values of apparel shipments fell by 5.65 per cent on Y-o-Y basis.
It’s pertinent to mention here that non-traditional markets contributed 15.14 per cent share in overall RMG exports (US $ 22.83 billion) from Bangladesh during fiscal July to March ’18.
