The export of the RMG items to the European Union (EU) saw a growth of 43.21% to $17.55 billion in the first nine months (January-October) of this year, according to the European Statistical Office (Eurostat) and compiled by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Manufacturers exported apparel items worth $12.25 billion to the EU countries in the same period last year, the Eurostat data stated.
Moreover, the EU’s global apparel imports grew to $77.77 billion in the first nine months of 2022, attaining a growth of 25.87% from $61.79 billion in the same period last year, data showed.
According to the Eurostat data, China, the top apparel exporter to the EU, registered a growth of 25.19% year-on-year (YoY) to $22.59 billion in the mentioned period, higher than $18.04 billion in the same period last year.
Followed by Bangladesh, Turkey is the third largest apparel exporter to the EU and also posted a YoY growth of 14.86%. In the January to September period of 2022, the EU imported apparel items worth $9.18 billion from Turkey, higher than $7.99 billion in the first nine months of last year.
Being fourth, India registered a growth of 25.85% to $3.94 billion, from $3.13 billion in the same period of 2021, Eurostat data said.
Vietnam secured the fifth position by exporting apparel items worth $3.27 billion in the first nine months of 2022, fetching a YoY growth of 29.65% from $2.52 in the same period last year.
Among other notable global apparel manufacturers, Pakistan fetched a YoY growth of 30.76% to $2.92 billion, Cambodia 41.08% to $2.80 billion, and Morocco 12.32% to $2.42 billion in the January to September period of the current year, Eurostat data showed.
However, among the top ten apparel suppliers to the EU, Bangladesh attained the highest growth rate, though the growth rate of other competitor countries was also encouraging.