According to data from the Export Promotion Bureau (EPB), earnings from garment export from Bangladesh went up by 4.35 percent from January to November to $42.83 billion, primarily to non-traditional markets.
According to World Trade Organization (WTO) data, the worldwide size of garment trade in 2022 was $576 billion, and the amount will be somewhat smaller in 2023 due to geopolitical challenges.
According to data compiled by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), garment shipments to Europe increased by only 2.28 percent between January and November.
According to the report, garment export revenues in the United States fell by 9% during the same time.
Meanwhile, garment shipments to non-traditional markets other than the United States, Canada, the United Kingdom, and the European Union reached by 22.53 percent from January to November of this year compared to the same time last year.
