Garments Export News Today

Bangladesh ships apparel items to the Middle Eastern countries and the good thing is local garments are steadily gaining popularity in the Middle eastern countries.

Bangladesh may not able to achieve the RMG export target set for the current fiscal year because of the energy crisis, fall in work orders, and higher inflation in European countries, BGMEA President Faruque Hassan said today.

Bangladesh is poised to overtake China in garment exports to Europe, the world's largest market, anytime in the near future for work orders shifting its way and its price competitiveness. 

At the beginning of 2022, Bangladesh's economy seemed to be on course to grow at a faster clip buoyed by plummeting coronavirus infections, rebound in economic activities and the reopening of global economies.