Home / Knowledge / News / Apparel/Garments / Bangladesh garment exports jump 20.73% in July-Nov'13
Bangladesh garment exports jump 20.73% in July-Nov'13
24
Dec '13
The exports of readymade garments from Bangladesh increased by 20.73 percent in the first five months of the current fiscal year 2013-14 to US$ 9.653 billion, as against exports of US$ 7.995 billion made during the corresponding period of previous fiscal, the data from the Export Promotion Bureau (EPB) showed.
 
Knitwear exports registered US$ 4.899 billion during July-November 2013 period, showing a year-on-year increase of 20.48 percent over exports worth US$ 4.066 billion made during the same period last year.
 
Woven garments exports fetched US$ 4.753 billion for Bangladesh during the five-month period, up 21 percent compared to exports valued at US$ 3.928 billion made during the corresponding months of 2012.
 
In fiscal year 2012-13 that ended on June 30, Bangladesh exported US$ 21.515 billion worth of knitted and woven garments, and the country has set an export target of US$ 24.147 billion for the current fiscal year, which would be an increase of 12.33 percent.
 
Bangladesh has implemented a 76.66 percent hike in minimum wage for entry-level workers in the clothing industry since December 1, 2013. The impact of this wage rise on the competitiveness of the country’s apparel industry, and thereby its exports, would be visible over the next few months.
 
With the presence of more than 5,000 garment factories that together employ nearly 4.2 million workers, Bangladesh is currently the second-largest garment exporter in the world, next only to China.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 30th Apr 2016

‘Textile sector not given required impetus’

Cotton Textile Export Promotion Council (Texprocil) Chairman R. K....

Apparel/Garments | On 30th Apr 2016

EU announces app for accurate children's clothing size

Buying clothes for children can be a quagmire because sizing is often ...

Apparel/Garments | On 30th Apr 2016

Bioworld Merchandising acquires VoxPop

US-based private label Bioworld Merchandising, Inc, has acquired...

Interviews View All

J.C.Soni
BSL Suitings

Why is Bhilwara an ideal location for the manufacture and export of poly...

William T. Yanavitch II
Glatfelter

How big is the market for adult hygiene products currently? How is the...

Kristina Petersson Lind
IKEA

How do you view the current market for home textiles in Europe? European...

Urs Stalder
Sanitized AG

<b><i>Urs Stalder, CEO, Sanitized AG, talks about the increasing use of...

Mr. R. N. Doshi
Rajoo Engineers Limited

Mr. R. N. Doshi, co-founder of the Rajoo Group - Excellence in Extrusion,...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search