Home / Knowledge / News / Apparel/Garments / Bangladesh's garment exports to new markets soar
Bangladesh's garment exports to new markets soar
24
Jan '13
There has been a record rise in Bangladesh’s apparel exports to new emerging markets during the first six months of the current fiscal year that started on July 1, 2012.
 
Indicative of a year-on-year rise of 24.11 percent, new markets contributed around US$ 996.89 million of the US$ 9.94 billion that Bangladesh earned from exports of woven and knit garments during the first half of the current fiscal, according to the data released by the Export Promotion Bureau (EPB).
 
Europe accounted for US$ 5.81 billion of the overall earnings for the period, while the US and Canada accounted for US$ 2.27 billion and US$ 478.92 million worth of exports, respectively.
 
Contribution of the non-traditional market in Bangladesh’s total garment exports increased to 10.02 percent during the review period, from 8.69 percent share during the corresponding period of last fiscal.
 
Bangladesh’s apparel exports to Russia, Australia, South Korea and Chile grew by 70.07 percent, 64.98 percent, 47.92 percent and 39.6 percent, respectively during July-December 2012.
 
In contrast, the share of EU and the US declined from last year’s 59.74 percent and 23.91 percent to 58.8 percent and 22.87 percent, respectively.
 
Analysts attribute the rise in clothing exports to non-traditional countries to the cash incentives introduced by the Government as well as the efforts put in by exporters to diversify to new markets in view of the slowdown in demand from traditional markets.
 
The new markets being eyed by Bangladeshi exporters during the past few years include China, South Africa, India, Russia, Japan, Mexico, Australia, Turkey, Brazil, South Korea and Chile.
 
In spite of a rise in Bangladeshi garment exports to new markets, they still remain much lower than the exports to traditional markets in terms of value.
 

Fibre2fashion News Desk - India


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

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

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search