Manufacturing

Bangladesh Sees Good Demand in Non-Traditional Markets

Bangladesh Sees Good Demand in Non-Traditional Markets

Exporters said that amid the global economic slowdown and declining demand in the western countries, Bangladesh’s apparel exports to the non-traditional markets has seen growth in markets like India, Japan and South Korea.

He said that there was a huge potential to grow the exports of Bangladesh apparel in the Asian market and the BGMEA was working on it to achieve its target of $100 billion in exports by 2030.

The RMG export to India in July-March of FY23 increased by 58.38 per cent to $830.51 million compared with that of $524.39 million in the same period of FY22.

The apparel export to Japan in July-March of FY23 grew by 43.79 per cent to $1.22 billion compared with that of $849.64 million in the same period of FY22, the data showed.

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