Spain has overtaken Germany as the largest EU market for Bangladeshi apparel exports in the first quarter of the current fiscal year.
Bangladesh exported apparel worth $1.15 billion to Spain in July-September, compared with $1.12 billion to Germany, according to the Export Promotion Bureau (EPB) and Bangladesh Apparel Voice (BAV).
Total apparel exports to the EU reached $4.90 billion during the period, up 3.33% year-on-year.
Exports to Spain rose 13.73 percent, while those to the Netherlands and Poland increased 9.2 per cent and 5.77 per cent, respectively. In contrast, exports to Germany fell 0.15 percent and France declined 4.91 per cent.
In September, apparel exports to the EU grew 5.53 per cent year-on-year to $1.41 billion, with Spain playing a key role in overall growth.
-AJM