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Bangladesh leather exports surge; India surpasses US as top market

Developing nations typically export labour-intensive products to developed countries due to lower labour costs. But in this instance, Bangladesh has successfully penetrated the neighbouring Indian market. India, a significant competitor, also represents a large, dynamic consumer market for Bangladesh. 

Bangladesh&#**;s top ** markets for leather goods mostly include developed countries, with India as the only exception. According to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro, the exports to India were valued at $**.*** million between January and May ****. Comparatively, the exports to the US stood at $**.*** million. Other significant markets included Japan ($**.*** million, **.** per cent), China ($**.*** million, *.** per cent) and the Netherlands ($*.*** million, *.** per cent). Among the next five top markets, Belgium had a share of *.** per cent, followed by Canada (*.** per cent), Germany (*.** per cent), Australia (*.** per cent), and South Korea (*.** per cent).