Home / Knowledge / News / Apparel/Garments / Exports of apparels to Japan on upward trend
Exports of apparels to Japan on upward trend
06
Jul '10
Exports of apparels to the new market, Japan, sustained a high growth rate during July-April of the 2009-10 fiscal, supported by the increasing demand for Bangladeshi garment products in Japan.

As per state-owned Export Promotion Bureau (EPB) reports, the country exported knitwear goods worth $60.02 million during the initial 10 months of the immediate past fiscal, which, during the same period of 2008-09 fiscal stood at $18.15 million.

Knitwear goods exports to Japan, during the July-April tenure of 2009-10 fiscal, surged by 230.65 percent. As Bangladesh earned revenue of $89.87 million from exports of woven apparels, a whooping 121.46 percent rise over the same period, a year ago, was registered.

With the Asian giant, Japan, lessening its dependency on China, Bangladeshi exporters informed that, RMG exports to Japan were flowing in continuously. China, apparently, is the biggest supplier of garment goods, internationally, owing to the government's recent adoption of the China+1 policy.

Supporting the aforesaid statement, a key Japanese exporter informed that, Japanese importers were visiting Bangladesh due to the latter's competitive rates and China's labour crunch. Japan had been dependent on Chinese garment manufacturers since more than 20 years.

Also, Japanese government decided to reroute outsourcing of garments goods to other nations such as Bangladesh and Vietnam.

In addition to all this, exporters are getting influenced by the incentives that, the Bangladeshi government is receiving on entering new markets, thereby, pushing the exporters towards attaining high export growth to Japan.

Due to labour crunch, increased wages and persistent unrest amongst labourers, Chinese garment producers are unable to meet with their contracted orders.

Industrial experts opine that, Bangladeshi government must further strengthen their diplomatic relations with Japan, so as to maintain such export growth in to this profitable market.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Kornit Digital

Textiles | On 28th Feb 2017

'Customisation is an advantage of digital printing'

Changing business models and companies' decision to reduce their...

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Paolo Ocleppo
Sandvik Hyperion

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


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