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Trade

Bangladesh ready to topple China as top clothing exporter to EU

Garment industry is crucial to South Asian nation's economy

Bangladesh's exports of clothing to the European Union surged nearly 42% in the first nine months of 2022. (Photo by Mostafiz Uddin) 

DHAKA -- Bangladesh's massive clothing industry is looking to grab China's crown as the top garment exporter to the European Union, as shifting supply chains in the wake of the conflict in Ukraine and other global geopolitical tensions drive up orders to the densely populated South Asian nation.

Boosting shipments to Europe will bolster a crucial part of Bangladesh's economy, with ready-made garment (RMG) manufacturers already contributing around a fifth of the country's gross domestic product and more than 80% of its export earnings.

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