Home / Knowledge / News / Apparel/Garments / EU crisis hits Bangladesh's apparel exports
EU crisis hits Bangladesh's apparel exports
15
Oct '11
Demand for Bangladesh's key export item – apparels – has declined owing to economic crunch in Europe and weak business season.

Export growth of some of Bangladesh's leading export items like knitwear, jute and jute products, woven garments, home textiles and footwear remained sluggish during the first quarter of the current fiscal that started on July 1, 2011.

During the first quarter, knitwear garments worth US$ 2.58 billion were shipped out of the country, which is reflective of a year-on-year rise of 18.26 percent, according to the Export Promotion Bureau (EPB) data. Woven garments exports were valued at US$ 2.23 billion, a year-on-year rise of 24.82 percent.

As against the export target of US$ 6.27 billion set for the July-September quarter, Bangladesh earned US$ 6.17 billion in exports during the period.

The country's exports growing at a meagre rate of 2.29 percent reached US$ 1.44 billion during September, which is far below the target of US$ 1.87 billion set by the Government for the period.

During July this year, Bangladesh's exports grew at a whooping rate of 40.25 percent, but have been moving sluggishly since then. In August, exports grew at a year-on-year rate of 32.40 percent.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 1st Mar 2017

CMAI's Apparel Index for Q3 shows lowest growth at 1.4 pts

CMAI’s Apparel Index for the third quarter FY 2016-17 shows that the...

Courtesy: Carter

Apparel/Garments | On 1st Mar 2017

Kidswear retailer Carter’s acquires Skip Hop Holdings

US headquartered kidswear retailer Carter’s said it has acquired Skip ...

Courtesy: Lectra

Information Technology | On 1st Mar 2017

Lectra makes new strategy for fashion in Industry 4.0 era

Lectra, the world leader in integrated technology solutions, has...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Urs Stalder
Sanitized AG

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
February 2017

February 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