Home / Knowledge / News / Apparel/Garments / Dhaka aims at $400 mn from RMG exports to Latin America
Dhaka aims at $400 mn from RMG exports to Latin America
Jun '10
According to an official from the Bangladesh Garments Manufacturers and Exporters Association (BGMEA), Bangladesh has the potential to earn US $400 million from garment exports to three Latin American nations, within the coming three years.

Although, for such large scale exports, government support is also required, the country can still take its share of $400 million from a total of $4 billion RMG imports, of the three nations, Chile, Brazil and Mexico.

To evaluate, explore and prepare for ongoing and future potentials of the Bangladesh's apparel exports to Latin American countries, a 13-member BGMEA representative had visited all the three nations.

The representatives, during their visit, received immense response from buyers and importers of the three nations. And owing to this, members of Chile, Mexico and Brazil will soon visit Bangladesh to evaluate their import requirements. These nations will also partake in the soon to be organized BATEXPO 2010 in Dhaka.

However, as of now, the key obstacle for increasing exports to Latin American countries is the absence of Bangladeshi embassies in these countries. Industrial experts believe that, the process of tapping these markets will smoothen out, if Bangladeshi embassies are set up in these countries.

Bangladeshi RMG exporters are also eyeing to venture in to other markets such as Russian Colombia and Turkey.

Exports of RMG products to China and India are also cited by the Bangladeshi exporters, owing to both nations' large populace. Therefore, in order to study and explore the market of these two countries for readymade apparels, garment manufacturers have also sent delegates to these countries.

They now want the Bangladeshi embassies to be formed and commence operations as soon as possible in all the countries visited by them.

Although, Brazil's readymade apparel import totaled to $767.072 million last year, of which $303.631 million was of knitwear and $463.441 million was woven; Bangladesh's export to Brazil summed to $50.287 million, of which $33.559 million was knitwear and $16.688 million was woven.

On the other hand, Mexico's import summed to $1,947.85 million last year, of which knitwear formed $982.58 million and woven was $965.27 million. Of this Bangladesh contributed about $114.01 million from which, $61.76 million was knitwear and $52.25 million was woven.

Chile's overall RMG import amounted to $1,074.83 million last year, of which, $517.39 million was knitwear and woven was to the tune of $557.44 million. Of this Bangladesh shared, $7.47 million of which knitwear totaled to $5.26 million and woven was $2.21 million.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
May 2017

May 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search