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: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Pantone

Textiles | On 25th Jun 2018

Pantone unveils polyester standards

Pantone, provider of professional colour standards for the design...

Interviews View All

Top executives
Textile industry

GST has levelled the playing field to an extent

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search