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T-shirt exports down in previous fiscal year
15 Sep '10
2 min read
The falling demand for T-shirts orders pursuant to the global economic slump has lead to a fall of around seven percent in its exports during 2009-10 as against the previous year.
Statistics released by the state-owned Export Promotion Bureau (EPB) reveal that, where the country's exports stood at $3.06 billion worth of T-shirts in 2008-09, it slumped to just $2.84 billion in 2009-10.
Globally though, Bangladesh has succeeded to retain its position of being the second biggest exporter of T-shirts to EU-27 countries, next to China, but as far as US, it's another major export destination is concerned, the country has many competitors who lead the race.
An expert stated that, the global slump has slashed garment sales to some extent. During last fiscal the demand for garment items in the Western countries, kept low on account of the economic slump, but now, it is rising once again, he said.
He advised that in order to elevate the exports, the country needs to produce more quality products. The country's knitwear exports surged by 0.84 percent during last fiscal over 2008-09 and brought in $6.48 billion to the country's economy. But still, the segment missed its yearly target by 11.15 percent.
Also, woven garments worth of $6.01 billion were exported by the country during last fiscal, thus registering a growth of 1.6 percent as over the exports in 2008-09. However, this segment too could not succeed to attain its annual target and missed it by 10.09 percent.
The country earned $16.2 billion in the previous from overall exports as against its target of $17.6 billion, also down by 7.93 percent.
Statistics released by the state-owned Export Promotion Bureau (EPB) reveal that, where the country's exports stood at $3.06 billion worth of T-shirts in 2008-09, it slumped to just $2.84 billion in 2009-10.
Globally though, Bangladesh has succeeded to retain its position of being the second biggest exporter of T-shirts to EU-27 countries, next to China, but as far as US, it's another major export destination is concerned, the country has many competitors who lead the race.
An expert stated that, the global slump has slashed garment sales to some extent. During last fiscal the demand for garment items in the Western countries, kept low on account of the economic slump, but now, it is rising once again, he said.
He advised that in order to elevate the exports, the country needs to produce more quality products. The country's knitwear exports surged by 0.84 percent during last fiscal over 2008-09 and brought in $6.48 billion to the country's economy. But still, the segment missed its yearly target by 11.15 percent.
Also, woven garments worth of $6.01 billion were exported by the country during last fiscal, thus registering a growth of 1.6 percent as over the exports in 2008-09. However, this segment too could not succeed to attain its annual target and missed it by 10.09 percent.
The country earned $16.2 billion in the previous from overall exports as against its target of $17.6 billion, also down by 7.93 percent.
Fibre2fashion News Desk - India
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