Home breadcru News breadcru Trade breadcru  | Bangladesh strengthens position in South Korean apparel market

Prime Content | 
Bangladesh strengthens position in South Korean apparel market

19 Feb '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In 2023, Bangladesh's apparel exports to South Korea amounted to $***.*** million, accounting for *.* per cent of its total apparel exports.
  • Despite growth, South Korea ranks 14th among Bangladesh's apparel markets.
  • Exports surged from $***.*** million in 2018 to $***.*** million in 2023.
  • Bangladesh is now the 4th largest apparel supplier to South Korea.

Although the South Korean market is gaining significance in Bangladesh&#**;s total apparel exports, it was ranked **th in the top apparel markets for the South Asian nation.

Apparel exports from Bangladesh to South Korea were valued at $***.*** million in ****. Trade increased by *** per cent to reach $***.*** million in ****. The country also succeeded in strengthening its position in the South Korean market. Shipments to South Korea accounted for just *.** per cent of total exports, which amounted to $**.*** billion in ****. The share of South Korea improved to *.** per cent. South Korea’s rank also improved, rising from the **st position as Bangladesh&#**;s top apparel market in ****, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.

Get Free Weekly Market Insights Newsletter

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