Home / Knowledge / News / Apparel/Garments / RMG exports show signs of revival
RMG exports show signs of revival
Apr '10
Overseas sales of garment and other textile products show signs of revival as single month shipment in February increased by 8 percent over the same period last year.

According to Export Promotion Bureau (EPB) statistics, overseas sales in January increased by 3.49 percent, however it declined by 1.29 percent in December of the current fiscal year. Also, overseas sales in February of fiscal 2009-10 earned $1.31 billion, up from $1.21 billion in the same month last year.

However, fears of the country failing to achieve the full-year target sunk in when the overall overseas sales in the first eight months of the current financial year declined by 3.21 percent. In the first eight months, overseas sales by Bangladesh stood at $10.02 billion in contrast to $10.35 billion, in the same period, last fiscal.

According to industry experts, incessant power crisis hindered the manufacturing sector from filling their orders on time. At times they would send the consignment by air at much higher rates, to ensure timely delivery.

Members of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have blamed power crisis as a key factor hindering growth in exports. They say that, the garment manufacturers don't require power for 24 hours, but, their demand is for uninterrupted power for atleast 8-10 hours each day, so as to help them sustain their already established overseas sales markets.

Due to incessant dearth in power supply, losses are piling up leading to factories lying redundant for long. According to experts, overseas sales of garments account for 80 percent of the overall export earnings, but they were in a downturn in the July-February period of the current fiscal year, excepting for October.

Despite witnessing an increase in the overall overseas sales of garments in February, both woven apparel and knitwear products were below the productive line for the said month, say experts from the Bangladesh Knitwear Manufacturers and Exporters Association.

During the July-February period, woven apparel exports fell by 5.34 percent to $3.71 billion, whereas knitwear exports reduced by 5.75 percent to $4.02 billion.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Anvita Mehra
Confidential Couture

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

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Tony Ward
Tony Ward

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search