INSIDE BANGLADESHI APPAREL’S EXPORT RIDE TO NON-TRADITIONAL MARKETS
July 22nd, 2023
Bangladesh clothing manufacturers have been looking to expand export sales beyond their established markets in the European Union (EU), the United States, Canada and the UK, seeking new revenue in non-traditional markets such as Brazil, India, Japan and South Korea.
According to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh apparel exports for 2022 (calendar year) have sourced 16.1% of revenue from non-traditional markets – USD7.35 billion, out of overall apparel exports of USD45.7 billion.
In the financial year ...
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