TAD Logistics launched direct cargo flight 'Air Incheon-Korean Airlines' from Bangladesh to South Korea Saturday morning.
Md. Ashikur Rahman Tuhin, managing director of TAD Group, said, "Our export process would increase its earnings with the aid of the cargo flights, and this direct flight will run twice a week. Based on demand from the market, we intend to increase the number of flights on the route to five per week."
This service will save time and guarantee a single-day arrival for any urgent goods, he added.
Exports of perishable goods from Bangladesh will rise as a result. The biggest exports from Bangladesh to South Korea include leather, leather goods, crabs, RMG, fish, and human hair.
According to the Bangladesh Garments Manufacturers and Exporters Association (BGMEA), apparel, including a diverse basket of items such as underwear, denim, shirts, jackets and pullovers, expects to export $1 billion to Korea this fiscal year.
With apparel manufacturing increasingly moving out of China due to rising costs, Bangladeshi entrepreneurs now have an opportunity to capture the Korean market, which currently sources 34 per cent of its clothing from Beijing, business insiders say.
In a data published by Export Promotion Bureau (EPB), since 2017, Bangladesh's share of the Korean clothing market has been growing but at a slow pace and reached a little over 4 per cent with export earnings of $440 million in FY22.