Bangladesh's apparel export for Jan witnesses hike

10 Feb '11

1 min read

Owing to vigorous rise in the apparel sales, the Bangladesh's exports for January registered a rise of 34.3 percent and grew to $1.92 billion.

Exports for the initial seven months of the 2010-11 financial year that commenced on July 1, 2010, portrayed a rise of 40 percent as over the corresponding period of last fiscal year and stood at $12.18 billion, thus superseding the set target by 18.56 percent.

Meanwhile, the revenues from knitted textiles during the period under consideration went up by 43 percent to $5.07 billion as over 2009-10, while revenues from woven garments grew by 39 percent to $4.4 billion.

Apparels constitute around 80 percent of the country's exports. Further that, the country is now drawing higher number of orders from major markets of Europe and the US, as well from the emerging markets like Japan, South Africa and Turkey.

Cheap availability of labour has helped Bangladesh to be a part of the global supply chain for textiles and clothing for low-end segments.

As the global economy has revived, the Bangladeshi government is hopeful regarding its exports surpassing the target of $18.5 billion set for the current financial year.

Fibre2fashion News Desk - India

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