The surge in exports to South Korea coincides with the fact that the majority of Bangladesh’s shipments are still focused on two markets: Europe and North America. The majority of Bangladeshi items have been eligible for duty-free and quota-free entrance into South Korea since January, which has significantly increased exports. According to EPB data, 86 per cent of all exports to South Korea in FY ’23 were made up of apparel. Hatem, who also exported knitwear to South Korea, stated that t-shirts, polos, and jackets are among the primary commodities heading to the East Asian country. Hassan added that he anticipates more growth in shipments to South Korea in 2024.

Source: Economic Times February 14, 2024 19:39 UTC