From January to November, Bangladesh experienced a 4.35% surge in garment export revenue, totaling $42.83 billion. Reportedly, the notable expansion was mainly driven by non-traditional markets. Although garment deliveries to Europe witnessed a slight 2.28% uptick, export earnings to the US declined by 9%.
As per the Export Promotion Bureau (EPB), these statistics highlight the industry’s robustness in the face of geopolitical challenges. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) noted a substantial 22.53% surge in garment shipments to non-traditional markets, excluding the US, Canada, the UK, and the EU during the same period.
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