Home / Knowledge / News / Apparel/Garments / Bangladesh's garment exports grow 15.38% in July-April
Bangladesh's garment exports grow 15.38% in July-April
13
May '14
The exports of readymade garments from Bangladesh increased by 15.38 percent to US$ 19.97 billion during the first ten months of the ongoing fiscal year 2013-14, as against exports of $17.307 billion made during the corresponding period of the previous fiscal, as per the latest data released by the Export Promotion Bureau (EPB).
 
Segment-wise, woven apparel exports grew by 13.91 percent year-on-year to $10.166 billion during July-April 2013-14 period, whereas knitwear exports soared by 16.96 percent to $9.803 billion.
 
Knitwear and woven garments together accounted for 81 percent of total $24.654 billion exports made by the South Asian nation during the ten-month period beginning July 1, 2014.
 
The 15.38 percent growth in clothing exports was greater than the 13.18 percent growth registered in overall exports from Bangladesh during the period under review.
 
In the first half of the current financial year, Bangladesh’s garment exports grew at 19.95 percent year-on-year. But, the growth rate has dropped a little bit thereafter, mainly due to the implementation of the 76.66 percent rise in minimum wage for entry-level workers in the clothing industry since December 1, 2013. 
 
Last month, Bangladesh’s Parliamentary Standing Committee on Textiles and Jute Ministry recommended increased allocation to the sector in the next fiscal year beginning July 1, 2014, for the overall development of textile and jute sectors. The committee observed that the Tk 1.21 billion allocated for the textiles and jute sector in the 2013-14 annual development programme (ADP) was inadequate and recommended increasing the allocation in the next fiscal 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.
 
In last fiscal year 2012-13, Bangladesh exported $11.039 billion worth of woven garments and $10.475 billion worth of knitwear.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 3rd May 2016

‘TFA for faster clearances of trade process’

Commerce and Industry Minister Nirmala Sitharaman has said that Trade ...

Textiles | On 3rd May 2016

FCIPT announces technology to make clothes stain proof

There is finally help for housewives, working women and even men...

Textiles | On 3rd May 2016

China’s cotton reserve sales begin May 3

China’s cotton reserve sales which begins tomorrow, are likely to...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

Which areas of innovation is the Hindustan Innovation Centre (HIC) focused ...

Shawn Honeycutt
Bolger & O'Hearn

Which chemicals are likely to dominate the sustainable textiles industry?...

Steve Lamar
American Apparel and Footwear Association (AAFA)

What are proposed changes to the compliance rules and how will it affect...

Mr Martin Kleinebrecht
Johns Manville

Martin Kleinebrecht (40) is the Marketing Leader of Nonwovens Europe at...

Mark Paterson
Technical Absorbents Ltd

<b><i>Mark Paterson, R&D manager of Technical Absorbents Ltd talks about...

Leen Osterloh
Trutzschler Nonwovens

Mr. Leen Osterloh is post graduate in Economics from University of...

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


<%@ language="VBScript" %>
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