Home / Knowledge / News / Apparel/Garments / Bangladesh garment exports soar 19.95% in H1 FY '14
Bangladesh garment exports soar 19.95% in H1 FY '14
13
Jan '14
The exports of readymade garments from Bangladesh rose by a sharp 19.95 percent year-on-year during the first half of financial year 2013-14, defying various odds like image crisis and political instability prevailing during the period, the data from the Export Promotion Bureau (EPB) showed.
 
From July to December 2013, Bangladesh’s garment exports totaled US$ 11.932 billion as against exports of $9.946 billion made during the corresponding period of the previous year.
 
The exports of woven garments from Bangladesh jumped by 20.37 percent to $5.983 billion during the six-month period, compared to exports of $4.971 billion made during the same period in FY ’13.
 
Knitwear exports from the country leaped to $5.948 billion during the period under review, registering a growth of 19.55 percent over exports worth $4.975 billion made in July-December 2012 period.
 
The 19.95 percent year-on-year growth in exports of apparel was higher than the 16.56 percent year-on-year rise observed in overall exports from Bangladesh during July-December 2013 period.
 
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 implemented a 76.66 percent hike in minimum wage for entry-level workers in the clothing industry since December 1, 2013. The extent of impact of this wage rise on the competitiveness of the country’s apparel industry, and thereby its exports, would be visible in the export figures of the country in the second half of the ongoing financial year.
 
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

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kerem Durdag
Biovation II LLC

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

September 2017

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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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