From July–January FY2018-19, Bangladesh exported sweaters worth $2.93 billion, up from $2.47 billion in the same period a year ago, according to Export Promotion Bureau (EPB) data. In the previous fiscal year (FY2017-18), Bangladesh earned $3.67 billion from sweater exports, posting a growth of 9.32%. Industry insiders and trade analysts attributed the double digit growth to technological advancements, the US-China trade war, and improvement in product quality. Relocation of businesses from China as a fallout of the US-China trade war also played a major role in increasing export earnings. Exporters Association of Bangladesh (EAB) President Abdus Salam Murshedy explained that as a spillover effect of the trade war, companies have shifted their sourcing from China to Bangladesh.

Source: Dhaka Tribune February 20, 2019 16:30 UTC