Home / Knowledge / News / Apparel/Garments / RMG strongly drives Bangladesh's exports to new heights
RMG strongly drives Bangladesh's exports to new heights
Nov '10
Bangladesh's Export Promotion Bureau (EPB) recently revealed that, driven by the inspiring performance of country's key readymade garment (RMG) export industry, its total export earnings remarkably grew by around 65 percent during the month of October, this year.

The country's total exports for October, the fourth month of current financial year which begun on July 1, 2010, stood at around 1.69 billion USD which is 273 million USD above the exports of the previous month, the EPB data revealed.

The country is believed to set new export records during first half of the current financial year as all the pointers indicate towards hefty growth in exports of key products like woven and knitwear garments, which depicted slow performance during last fiscal.

RMG exports of the country experienced a sharp fall during last fiscal on account of the global economic slump. Meanwhile, the country's overall export growth rate too slumped to 4.11 percent, as against the growth rate of last fiscal.

Garment exports comprise a major share of the country's overall exports, each year, and thus any drop in their performance is likely to lead to a decline in the country's overall exports.

Bangladesh's garment exports started strongly recovering since June 2010, as leading garment buyers have raised the quantum of their orders to Bangladesh, as Bangladesh offers these products at the cheapest rates, throughout the world.

As revealed by the EPB statistics, knitwear and garment exports registered a rise of over 38 percent during the July-October period to around 5.24 billion USD, while knitwear like T-shirts and woven items like jeans registered a growth of 37.97 and 39.45 percent.

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

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eamonn Tighe
Nature Works LLC

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


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