EU clothing imports up; China surpasses Bangladesh in May
January to May 2018
European Union witnessed surge in the clothing demand during the first 5 months of 2018. As a result, imports have gone up in the period, while with the help of low unit prices, the Union marked a significant drop in values. Particularly in May, Bangladesh (€ 1.22 billion) was surpassed by China (€ 1.31 billion) in apparel exports to EU as the latter successfully restricted itself from repeating April month’s performance where Bangladesh clocked € 1.44 billion while China’s exports could just hit € 1.15 billion. Bangladesh noted over 15 per cent drop in May as compared to April this year which surely is not a good sign for the country.