Bangladesh’s exports of readymade garments to the European Union have decreased by 1.24 per cent to $11.36 billion year-on-year in the first half of 2023-24 fiscal year. Exporters say a fall in overall imports by the EU, especially Germany, has caused Bangladesh’s RMG exports to the region to drop. The biggest importer Germany bought $2.86 billion worth of Bangladeshi garments, 17 per cent less than the same period previous year. Our exports to the EU fell because of the fall in exports to Germany,” said Mohiuddin Rubel, a director of BGMEA. Bangladesh’s RMG exports to Canada also fell by 4.16 per cent to around $742 million in the July-December period.

Source: bd News24 January 19, 2024 16:07 UTC