Home / Knowledge / News / Apparel/Garments / Bangladesh's garment exports swell 16.68% in July-Feb
Bangladesh's garment exports swell 16.68% in July-Feb
10
Mar '14
The exports of readymade garments from Bangladesh jumped by 16.68 percent to US$ 16.138 billion during the first eight months of the ongoing fiscal year 2013-14, compared to the $13.83 billion exports made during the corresponding period of the previous fiscal, latest data from the Export Promotion Bureau (EPB) showed.
 
Segment-wise, knitwear exports fetched $7.91 billion in July-February 2013-14 period, showing a rise of 17.5 percent over $6.732 billion earned during the same period last fiscal.
 
The exports of woven garments from Bangladesh recorded $8.228 billion during the eight-month period, registering an increase of 15.92 percent over export earnings of $7.098 billion in July-February 2012-13.
 
The 16.68 percent year-on-year growth in exports of apparel was higher than the 13.96 percent year-on-year rise observed in overall exports from Bangladesh during July-February 2013-14 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.
 
Compared to the 19.95 percent year-on-year growth in garment exports posted by Bangladesh during the first half of financial year 2013-14, the growth rate has decreased in January and February 2014. One of the reasons for this decrease is the implementation of the 76.66 percent rise in minimum wage for entry-level workers in the clothing industry since December 1, 2013.
 
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 24th Aug 2016

Myanmar & South Korea JV to set up 500-acre garment facility

Myanmar based Olympus Asia Group and South Korea’s Panko Corporation...

Apparel/Garments | On 24th Aug 2016

Clothing maintains leadership among products sold online

“Clothing has maintained its leadership among products sold online...

Textiles | On 24th Aug 2016

Intertextile Shanghai Home Textiles begins Aug 24

Intertextile Shanghai Home Textiles – Autumn Edition begins August...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

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

Silke Brand-Kirsch
Schlegel und Partner

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
August 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search