In January to September period of the 2021 calendar year, Bangladesh’s apparel export in the Indian market has gained a whopping 67.64% growth. By earning $318.56 million in that period – Bangladesh becomes the 2nd biggest clothing exporter in the country.
According to Ministry of Commerce and Industry (India) data, Bangladesh exported knitwear worth $124.56 million, growing by 109.03% in January to September period. While woven garments witnessed 48.73% growth, earning $194 million.
The Ministry of Commerce and Industry data also revealed that India imported $777.35 million apparel in January to September 2021 period, noting 25 percent Y-o-Y growth. In the garments, both knitwear and woven segment grew by 53.12% and 6.75% respectively in the period.
Apart from Bangladesh, China exported $183.21 million, decreasing by 22.13%. which signifies that India is shifting out of China sourcing.
Spain exported $68.03 million in the period.