March 2023

Biodegradable fabrics to take over the fashion industry in 2023

Biodegradable fabrics may be set to take over the fashion industry in 2023, as sustainability and cost increasingly play into mainstream brands’ strategy. The traditional choice between synthetic fabrics such as nylon and organic materials such as cotton is rapidly disappearing as a range of new, innovative fabrics emerge that utilize the latest technology to

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RMG export to EU grows 15.04% in July-Jan’FY23

Bangladesh’s apparel export to the European Union’s (EU) market saw 15.04% growth during July-January of fiscal 2022-23. As per the Export Promotion Bureau (EPB), the apparel export increased to $13.73 billion during July-January of fiscal 2022-23 from $11.94 billion in July-January FY22.  Germany, being the largest European market, fetched $4.06 billion with only 0.83% growth compared

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Apparel export value shooting upwards defying odds

Bangladesh’s readymade garment (RMG) exports earned $3.94 billion with a 12.31% year-on-year growth in the single month of February, according to data published by the Export Promotion Bureau (EPB). Among the RMG exports, both knitwear and woven apparel witnessed export witnessed significant growth. In February knitwear segment witnessed a 16.94% growth and earned $2.09 billion.

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