Home / Knowledge / News / Apparel/Garments / Bangladeshi garment exports surpass target
Bangladeshi garment exports surpass target
18
Jun '11
Backed by garment exports, Bangladesh's overall exports surged 41.61 percent during the initial 11 months of the current fiscal year ending June 30, over corresponding period last year.

During the eleven months July-May period, Bangladesh shipped goods worth US$ 20.54 billion, which was much above the target of US$ 16.58 billion fixed for the period.

During the month of May itself, the country's exports grew to US$ 2.30 billion, which was 47.69 percent higher than May 2010's exports, and 34.26 percent higher than the monthly target.

Amongst the key export items, exports of knitwear items grew by 46.76 percent y-o-y to US$ 8.44 billion, while the exports of woven garments rose by 39.44 percent y-o-y to US$ 7.51 billion during the review period.

Industry experts believe that export opportunities for garment items would greatly increase once Europe and Japan completely recover from the financial crisis. In fact, Japan has already emerged as a favourable export destination for apparel items from Bangladesh.

However, some exporters are of the opinion that though the country's exports for the current fiscal have remained good, the rise may not sustain next year.

Bangladesh's exports mainly depend on the economic revival of the western nations. At present, there is a decrease in the number of orders pouring in, and hence, there might be a slowdown in garment exports during July to September this year.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search