Bangladesh saw 17.9% growth in ready-made garment (RMG) exports to the European Union (EU) during the first six months of the current year.
The growth rate surpasses the EU's overall import increase and outpaced that of India, Pakistan, and Vietnam. However, China and Cambodia remained ahead.
According to a recent Eurostat report, Bangladesh exported 10.29 billion euros worth of apparel to the EU market from January to June, a 17.9% rise from the 8.73 billion euros recorded during the same period last year.
Overall, EU apparel imports grew by 12.3% to 43.39 billion euros, up from 38.64 billion euros the previous year.
This robust growth has solidified Bangladesh's position as the second-largest apparel supplier in the EU market.
However, Bangladesh faces tough competition from its Asian counterparts, China and Cambodia.
China maintained its position as the top exporter, with its exports increasing by 22.3% to 11.26 billion euros while Cambodia recorded the fastest growth, with exports soaring by 30.4% to 2.07 billion euros.
However, Bangladesh managed to outperform other regional rivals.
India's exports stood at 2.70 billion euros, a 15.4% increase. Pakistan's exports rose by 16.6% to 1.86 billion euros. Vietnam also saw a healthy increase, with exports reaching 2.02 billion euros, up 17.3%.
In contrast, Turkey experienced a negative trend, with its exports declining by 7% to 4.27 billion euros.
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