Home / Knowledge / News / Textiles / Knitwear exports exceed target to post a remarkable growth
Knitwear exports exceed target to post a remarkable growth
11
Jul '08
Knitwear segment, which has so far remained as the largest contributor to the economy of Bangladesh has again posted a remarkable growth in the first 11 months of this just ended fiscal year 2007-08.

Sources informed Fibre2fashion that revenues procured this year exceeded the export target of US $4.899 billion and fetched $4.929 billion to register a 21.19 percent growth during July to May period this year over the corresponding period last year.

With every passing year, knitwear has proved to be the single largest export item of the country and together with woven products, accounts for about 75 percent of the export earnings.

Domestic industrialists have opined that weakening dollar, peaceful political environment and vigorous marketing strategies have gone a long way in helping exporters meet their targets and even exceed them in certain exceptional cases like this year.

Apart from a successful trade transaction with existing client markets, exploring new avenues like Poland, Russia, Uzbekistan and Turkey have also contributed to achieving an outstanding performance in the sector.

Additionally knitwear manufacturers are ensuring to adhere to every issue of quality requirement and customer preferences realizing that this is just about the only way to remain competitive in the global market.

Woven products also saw a substantial improvement in its exports since September last year. In July-May period, goods from this segment earned revenues amounting to US $4.63 billion, representing a climb of 10.62 percent compared to the corresponding period last year.

In the meanwhile, total export earnings of Bangladesh touched $12.64 billion in 2007-08 fiscal, posting a year-on-year growth of 15.33 percent. Contribution from textile fabric, raw jute and agro products among others was commendable.

However, woven garments, leather, footwear, home textile, terry towel, melamine tableware, leather bags and purses failed to achieve their export targets but still recorded a growth compared to the previous year. On the other hand, export of jute products, handicraft, and chemical fertilizers experienced an overall decline in the period under review.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X