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The Financial Express
Swasti Lankabangla Swasti Lankabangla

BD’s import of textiles from global market declines

| Updated: August 08, 2020 16:18:05


BD’s import of textiles from global market declines

Import of textiles from the global market by Bangladesh declined by around 6.80 per cent in the last year, according to the latest statistics of the World Trade Organization (WTO).

It showed that Bangladesh imported textiles worth US$ 9.91 billion in 2019 which was around $11.0 billion in 2018.

The country remained the fifth largest exporter of textiles having 3.10 per cent share in the global import market of textile.

World Trade Statistical Review 2020, released by the WTO in the last week in Geneva, unveiled the figures.

It also showed that the combined import of textiles by top-10 global importer declined to $169 billion in the last year from $183 billion in 2018.

China was the largest exporter of textiles globally and also the second largest importer of textiles while European Union (EU) remained the top importer of textiles.

The textiles include textile yarn, cotton fabrics, woven man-made fibre fabrics etc., according to Standard International Trade Classification (SITC).

The annual statistical review of the WTO looks into the latest developments in world trade and provides a detailed analysis of the most recent trends for trade in goods and services.

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