During the first eight months of the current fiscal year ‘Made in Bangladesh’ apparel registered a 35 per cent export growth to non-traditional markets.
All the markets excluding European Union, US, and Canada are considered non-traditional.
Media reports claimed this citing the apex garment makers’ body of the country-the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) while underlining Bangladesh fetched US $ 5.69 billion during the July-February period of FY’23 as compared to what was US $ 4.21 billion in the same period of the last fiscal even as, speaking to the media, BGMEA President Faruque Hassan reportedly claimed during this period, apparel exports to Japan grew to US $ 1.08 billion, marking 47.65 per cent growth while that to India grew over 61 per cent to US $ 753 million.
Addressing a press meet, the BGMEA President further maintained during the July-February period of FY’22, Bangladesh’s share of the non-traditional markets was 15.32 per cent, which currently stands at 18.13 per cent even if Bangladesh’s exports to the EU, UK and Canada grew by 14.29 per cent, 14.52 per cent and 20.05 per cent to US $ 15.72 billion, US $ 3.36 billion and US $ 980.96 million, respectively but apparel exports to the US, however, declined by 2.87 per cent to US $ 5.60 billion during the period.
