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 25th Aug 2016

GST rate of 18% should be ideal: CII President

Goods and Services Tax (GST) rate of 18 per cent would be ideal, and...

Courtesy: Sybly Industries

Textiles | On 25th Aug 2016

Sybly starts manufacturing recycled polyester yarn

Polyester yarn manufacturer Sybly Industries Limited has started...

Textiles | On 25th Aug 2016

Prepare development strategy to 2025: VITAS tells govt

The Vietnam Textile and Garment Association (VITAS) has urged the...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

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 ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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