Bangladesh's exports of leather goods rise 11.6% to $144 mn in Jan-Apr

According to Fibre2Fashion's market insight tool TexPro, the US was the largest market where Bangladesh exported leather goods worth $24.222 million during the aforementioned period, accounting for 16.80 per cent of the total shipments. Interestingly, Bangladesh was not among the top suppliers of leather goods to this partner country. Its share was less than one per cent of the US' total imports of leather goods, which were valued at over two billion dollars in the first quarter.

Bangladesh exported leather goods worth $23.810 million to Japan in the first four months of the current year, accounting for 16.51 per cent of the total. The shipment to India was valued at $21.536 million (14.94 per cent) in the same period. Among the top ten markets, Bangladeshi exports to China were valued at $19.764 million (13.71 per cent), the Netherlands $6.830 million (4.74 per cent), Belgium $6.628 million (4.60 per cent), Hong Kong $4.394 million (3.05 per cent), Mexico $3.901 million (2.71 per cent), Germany $3.491 million (2.42 per cent), and Canada $3.476 million (2.41 per cent).

Bangladesh exported leather goods worth $450.611 million in the year 2023, which was slightly lower than the outbound shipment of $464.466 million in 2022. The value was noted at $326.209 million in 2019 but slipped to $266.186 million in 2020, before recovering to $354.319 million in 2021, according to TexPro.

ALCHEMPro News Desk (KUL)