Home / Knowledge / News / Apparel/Garments / Bangladesh garment exports sustain growth momentum
Bangladesh garment exports sustain growth momentum
13
Dec '11
Bangladesh's knitwear and woven garment exports were able to sustain growth momentum during the initial five months of the current fiscal that began on July 1, even though the eurozone crisis has started affecting the Bangladeshi industries and exports of some of the sectors witnessed a fall due to declining orders from European nations.

Bangladesh's knitwear exports grew to US $4 billion during July-November period, registering a rise of 13.14 percent year-on-year, the Export Promotion Bureau statistics showed. Woven garment exports during the period grew to US $3.57 billion, registering a rise of 23.64 percent year-on-year.

However, the country's overall exports slumped by 18 percent to US$ 1.60 billion in November compared to previous month. Although this was 2.4 percent more when compared to November 2010, it failed to meet the monthly target by 16.95 percent.

Based on the latest data, the Commerce Ministry claimed that they have yet not missed on the export growth target and in spite of overall fall in exports, if the country's key sector continues to post positive export growth till close of the current fiscal, they would be able to achieve their export target for the year.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said the US and the EU, the two key markets which account for about 90 percent of Bangladesh's textile and apparel exports are hit by recession, and hence there is a slowdown in Bangladeshi exports to these countries. However, the discovery of new export markets like Latin America, South Africa and Japan by the domestic industry over past few years saved the country from further drop in exports.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Silke Brand-Kirsch
Schlegel und Partner

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

Giorgio Mantovani
Corman S.p.A

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search