Bangladesh has overtaken China to become the top readymade garment (RMG) exporter, in terms of volume, to European Union (EU) market for the first time.
In 2022, Bangladesh exported 1.33 billion kilogrammes of RMG products to the EU market. Retailers in the EU countries purchased the highest amount of RMG products from Bangladesh in that year, a local newspaper said citing data from Eurostat, the statistics department of the EU.
On the other hand, China exported products worth 1.31 billion kilogrammes to the market.
The volume of Bangladeshi RMG items shipped to the EU market increased by 21.20 per cent last year, compared to 2021. China exported an 11.86 per cent higher amount of RMG items in 2022 compared to that of the previous year.
However, per kilogramme export value of Bangladeshi RMG products is $5.82 lower than that of China.
In terms of export value, Bangladesh remains in the second position as RMG exporter to the EU market. China exported RMG items worth $30.15 billion and Bangladesh exported products worth $22.89 billion in 2022.
