Sri Lanka & Bangladesh On Talks To Boost Yarn & Fabric Trade

Sri Lanka and Bangladesh are the two most prominent exporters of textiles and fabrics in the world. Sri Lanka and Bangladesh both rely mostly on textile exports. In order to boost their textiles exports globally, both nations are working together. This is also done in the wake of raising bilateral trade among two nations. Bangladesh is currently the 14th most favoured destination for Sri Lankan exports. According to the Bangladesh import export data , the textile exports grew significantly in the fiscal year 2022. For FY22, Bangladesh textile exports were worth 42 million dollars. For the last year, textile exports from Bangladesh were 31 million dollars and in 2020, textiles exports were around 22 million dollars. So, Bangladesh textiles exports saw an upward trend in the global textile market. As per Bangladesh customs data , the most prominent importers of Bangladesh's textiles were Germany, United States, Spain, United Kingdom and Poland. Some of the renowned Bangladesh expor...