Home / Knowledge / News / Apparel/Garments / Bangladesh expects apparel exports to grow in FY13
Bangladesh expects apparel exports to grow in FY13
Jul '12
The Government of Bangladesh has released its targets for apparel exports in the current fiscal year 2012-13 that began on July 1, 2012.
The Government has projected the country’s knitwear exports to increase at 11 percent year-on-year, while that of woven garments at 11.50 percent y-o-y, and that of jute and jute products at 9.62 percent y-o-y.
The overall export target for the current fiscal year has been fixed by the Bangladesh Government at US$ 28 billion, which would be a rise of 11 percent over the total export earnings in 2011-12.
During last fiscal that ended on June 30, 2012, Bangladesh’s total export earnings are expected to reach US$ 24.41 billion, growing at a rate of 6.50 percent year-on-year. However, it would be around 7-8 percent less than the earlier projected earnings of US$ 26.50 billion.
In fiscal 2009-10, when other SAARC countries such as Pakistan, Sri Lanka and India posted negative growth owing to global economic slump, Bangladesh’s exports grew by 4 percent year-on-year.
In 2010-11, Bangladesh registered huge 41.47percent growth in its exports, mainly driven by the readymade garment sector, which accounts for about 80 percent of the country’s overall exports.
Last fiscal, too, Bangladesh’s earnings from exports of knitwear, woven apparels and home textiles is believed to have grown over the previous year, but the final data is yet to be released.
The Government said the export target for the current fiscal was fixed after considering all aspects, including the current recessionary trends, the prevailing exchange rate, the national policies as outlined in the Budget, the intense competition in the global market, and the rising cost of production.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Oct 2016

Indian polyester market demand grows 14% in Q2 FY17: RIL

The Indian polyester market witnessed a demand growth of 14 per cent...

Fashion | On 20th Oct 2016

Replay to explore new markets in 2017

Replay, the iconic Germany based denim brand, is planning to get into ...

Textiles | On 20th Oct 2016

Pakistan proposes Rs200 bn for textile sector revival

A bailout package of Rs 200 billion has been proposed by the Pakistan ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Silke Brand-Kirsch
Schlegel und Partner

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi

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

Robert Brunner

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search