Apparel Online Bangladesh Magazine August Issue 2018 | Page 50

TRADE STATISTICS Bangladesh is on its way to outpace China in the European market January to April 2018 EU’s clothing imports sharply surged in April in volume-terms. The shipments from Bangladesh continued tapping larger chunk in the European market beating China which is losing ground in its clothing exports to EU. Bangladesh clocked € 1.44 billion in the April month while China’s exports could just hit € 1.15 billion in this same month, indicating Bangladesh is clearly pacing up to match the Chinese shipment values in EU. Global apparel imports by the European Union: January to April 2018 Percentage change in top 3 product categories imported by EU Percentage change in Bangladesh’s top product category (Trousers) to EU Change in Quantity 8.18 % Change in Value 1.09 % 1.73% T-SHIRTS SWEATERS TROUSERS Volume (6.06%) Volume (8.72%) Volume (9.53%) Value (-2.81%) Value (-2.94%) Value (0.17%) Value rises 17.84% Volume rises FACT: EU and Japan recently signed Economic Partnership Agreement (EPA) UVR change in apparel imported by EU (3-year comparison) Change in UVR 8.58 % Jan.-Apr. 2018 € 17.05 (Average UVR in the review period was Euro 17.05 per kg of fabric equivalent as against Euro 18.65 in the same period last year) Jan.-Apr. 2017 € 18.65 Jan.-Apr. 2016 € 18.38 Change in Knitted Segment Quantity 6.20 % Value-wise share to EU by top exporters (Jan.-Apr. 2018) Month-wise EU apparel import trend Value 2.04 % Jan-18 7.79 28.08% Feb-18 6.40 Change in Woven Segment Quantity Value 10.58 % 0.23 % 20.91% Mar-18 6.38 12.30% Apr-18 5.85 0 [The information has been extracted from EU custom site and further analyzed.] 1 2 3 4 5 6 (Value in € billion) 50 Apparel Online Bangladesh | August 2018 | www.apparelresources.com 7 8 9 7.36% 3.75% 10 China Vietnam India Bangladesh Turkey India