Home breadcru News breadcru Trade breadcru  | Bangladesh garments gaining foothold in India as exports rise in 2023

Prime Content | 
Bangladesh garments gaining foothold in India as exports rise in 2023

22 Sep '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Bangladesh is gaining a stronger foothold in the Indian market, with garment exports increasing by ***.*6 per cent to $******** million in January-May 2023.
  • The upward trend in exports from Bangladesh to India has been consistent since 2020.
  • The Indian textile sector is also grappling with global challenges such as high inflation and economic instability.

According to trade data from *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro, the shipment trend has been upward since ****. Exports surged from $***.*** million in January-May **** to $***.*** million in January-May ****, an increase of **.** per cent. In the same period in ****, it further escalated to $***.*** million, marking a **.** per cent increase. 

During ****, Bangladesh had exported apparel worth $**.*** billion, out of which it’s shipment to India valued at $***.*** million which was *.** per cent of the total. India was ranked at **th in terms of largest garment markets for the neighbouring country, as per *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">TexPro. 

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!