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T-Shirts propel exports of apparel
27 Aug '09
2 min read
According to data released by the Export Promotion Bureau of Bangladesh (EPB) and analyzed by the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), exports of T-Shirts to Germany is increasing with each passing year and also resulting in an increase in market share.
As of now, Bangladesh ranks third among exporters of T-Shirts to Germany behind the combined sales of EU bloc countries and Turkey. Bangladesh shipped knitwear worth US $1.34 billion and woven garments totaling to $802 million in the previous fiscal (2008-09).
Bangladeshi garment exporters expect shipments of apparels and volumes to improve in the rest of 2009, since Germany is one of the few countries which has been able to overcome the recessionary trends and posted a economical growth in the second quarter of 2009.
Global share of Bangladesh in T-Shirt exports to Germany amounted to 18.47 percent in 2008, up from 15.33 percent in 2007 against Turkey's share of 24.06 percent in 2008 and 26.36 percent in 2007.
China's share was 10.55 percent in 2008 and 8.66 percent in 2007, while India had a 7.33 percent share in 2008, down from 7.85 percent in 2007. In fact if the EU bloc is not considered, Bangladesh stands second in exports of T-Shirts to Germany.
As of now, Bangladesh ranks third among exporters of T-Shirts to Germany behind the combined sales of EU bloc countries and Turkey. Bangladesh shipped knitwear worth US $1.34 billion and woven garments totaling to $802 million in the previous fiscal (2008-09).
Bangladeshi garment exporters expect shipments of apparels and volumes to improve in the rest of 2009, since Germany is one of the few countries which has been able to overcome the recessionary trends and posted a economical growth in the second quarter of 2009.
Global share of Bangladesh in T-Shirt exports to Germany amounted to 18.47 percent in 2008, up from 15.33 percent in 2007 against Turkey's share of 24.06 percent in 2008 and 26.36 percent in 2007.
China's share was 10.55 percent in 2008 and 8.66 percent in 2007, while India had a 7.33 percent share in 2008, down from 7.85 percent in 2007. In fact if the EU bloc is not considered, Bangladesh stands second in exports of T-Shirts to Germany.
Fibre2fashion News Desk - India
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