Accounting for about 82 per cent in total commodity export in the first nine months of 2015/16 fiscal year (from July ’15 to March ’16), woven and knitted apparel export value amounted to $20.4 billion in Bangladesh, up 9.7 per cent year on year. The major export destinations for apparels are US, EU, Japan and Canada.
Rapid development is seen in Bangladesh, especially the apparel industry, with the shift of China’s textile and apparel orders. In the first nine months of 2015/16 fiscal year, export value of woven and knitted apparels witnessed a yearly growth of 9.7 per cent.
Bangladesh mainly exports woven apparels to US, Canada and China, while for Germany, United Kingdom, Spain, France, Italy and Belgium, the exports of knitted apparels are larger than woven apparels.
Bangladesh’s largest export market of knitted apparels is Germany, with a proportion of 20 per cent, followed by United Kingdom and US. For woven apparels, the largest market is US, with a proportion of 29 per cent, next are Germany and United Kingdom. Those major export destinations have certain preferential policies for the exports of Bangladesh’s apparels.