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

Courtesy: House of Fraser

Textiles | On 27th Apr 2017

House of Fraser's online sales up 16.1%

British department store group House of Fraser's online sales have...

Textiles | On 27th Apr 2017

Rieter completes 20 years of launching Com4 yarn

Rieter, the world's leading supplier of systems for short-staple...

Textiles | On 27th Apr 2017

Walmart releases 10th Global Responsibility Report

Walmart has released its tenth annual Global Responsibility Report,...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marcel Alberts
Eurofibers

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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