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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Ravindra Jain, Ashish Baid

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Yash P. Kotak
Bombay Hemp Company

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


April 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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

Active Poll

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

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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