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Europe largest market for Bangladesh's apparel in Jan-May 2023

In a clear indication of lower export orders from European retail brands, Bangladesh’s apparel exports to Europe declined by **.** per cent during the period from $**.*** billion of January-May ****. A major cause for this decline is the high inflation in Europe, which dried up money in the pockets of consumers for discretionary expenditure.

Bangladesh exported apparel valued at $*.*** billion to the North American market, mainly comprising the US and Canada, during the period under discussion. The region’s share was **.** per cent in the total shipment. Here too, Bangladesh’s exports declined by **.* per cent from $*.*** billion registered in the same period of last year, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro.