Germany has overtaken the US to become Bangladesh’s largest readymade garment export market in the July-August period. Readymade garment exports to Germany in the first two months grew by 9.72 per cent while earnings from readymade garment exports to the US in the first two months grew by 9.62 per cent.

Garment exports to the UK, the third largest export destination for Bangladesh, rose by 29.38 per cent in the period. Exports to Spain in the July-August period grew by 26.22 per cent. Readymade garment exports to the Netherlands in the two months grew by 41.67 per cent.

RMG exports to France grew by 10.43 per cent. Exports to Italy in the first two months grew by 25.79 per cent. Apparel exports to Canada in the July-August period grew by 20.96 per cent. Readymade garment exports to Australia in the first two months grew by 18.34 per cent. And exports to Japan in the first two months fell by 6.63 per cent.

Garment exports to China in the first two months fell by 6.80 per cent. Export earnings from India in the July-August period fell by 0.77 per cent. Bangladesh is getting the benefits of the recent rebound of the euro against the dollar.