Home / Knowledge / News / News From the WEB / January 2018 bags a boom from Bangladesh apparel export
January 2018 bags a boom from Bangladesh apparel export
08
Feb '18

Desk Report (RMG Times) Bangladesh, being the world’s second-largest apparel exporter, witnessed a marginal rise in its exports to US $ 2.88 billion in the month of January 2018.

During the first month of the year, apparel exports contributed to an overwhelming 84 per cent of the total export earnings of Bangladesh, which on average remains just over 82 per cent.

The latest data from Bangladesh Export Promotion Bureau shows that in total knitwear and woven garments’ earnings reached US $ 2.88 billion in January while it stood at US $ 2.81 billion in December 2017.

The cumulative sum exceeded the strategic export target for July 2017 to January 2018, set at US $ 17.18 billion, by 2.71 per cent to reach US $ 17.65 billion. On a year-to-year basis, apparel exports during the stated period marked an increase of 7.57 per cent as against the corresponding months of the previous fiscal.

Woven garments occupied over 54 per cent of the total apparel export share at US $ 1.57 billion. On the other hand, knitwear, the sector seeing the bulk of automation, witnessed earnings of US $ 1.31 billion.

In September last year, exports from Bangladesh slumped significantly on the stretch of holidays and slowdown in exports of the apparel division. Then, the apparel export amounted to US $ 1.62 billion.

(This story has not been edited by Fibre2Fashion staff and is published from a syndicated feed.)


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Silke Brand-Kirsch
Schlegel und Partner

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

news category


Related Categories:
May 2018

May 2018

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search