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 Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search