Bangladesh eye's niche European market for exports
Bangladesh is an emerging economy. Its exports are continuously expanding. Bangladesh's most prominent exports are textiles. Bangladesh is ranked third biggest exporter of textiles globally. Bangladesh textiles are in very high demand in the US market which is also the top importer from this country. According to the Bangladesh import export data reports, the country’s textile exports increased by 10% during 2022. Bangladesh overall textiles exports were totaled to be $42 billion in 2022. Whereas, last year it was around $38 billion dollars. Among top textiles exporters, European countries like Germany, Italy, France, Netherlands and Belgium were the significant importers. As per Bangladesh customs data , textile exports to the EU saw a rise of 22% in 2022. The shipments were worth around $19 billion during 2022. The latest figures show that the Bangladesh textiles exports to the European Union saw 12% decrease during the first half of FY 2023. The exports were total...