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.

Related posts

Birla Cellulose Collaborates with Ankur Textiles

SOURCING AT MAGIC GOES ONLINE

Perfect Sourcing Newsdesk

BIG RESPITE FOR EXPORTERS AS GOVT REMOVES BAN ON PPE EXPORTS

Perfect Sourcing Newsdesk

Leave a Comment