Home / Knowledge / News / Apparel/Garments / Bangladesh's garment exports swell 17.72% in July-Jan
Bangladesh's garment exports swell 17.72% in July-Jan
18
Feb '14
The exports of readymade garments from Bangladesh jumped by 17.72 percent to US$ 14.173 billion during the first seven months of the ongoing fiscal year 2013-14, compared to the $12.039 billion exports made during the corresponding period of the previous fiscal, latest data from the Export Promotion Bureau (EPB) showed.
 
Segment-wise, knitwear exports fetched $6.994 billion in July-January 2013-14 period, showing a rise of 18.13 percent over $5.92 billion earned during the same period last fiscal.
 
The exports of woven garments from Bangladesh recorded $7.178 billion during the seven-month period, registering an increase of 17.32 percent over export earnings of $6.118 billion in July-January 2012-13.
 
The 17.72 percent year-on-year growth in exports of apparel was higher than the 15.08 percent year-on-year rise observed in overall exports from Bangladesh during July-January 2013-14 period.
 
In fiscal year 2012-13 that ended on June 30, Bangladesh exported US$ 21.515 billion worth of knitted and woven garments, and the country has set an export target of US$ 24.147 billion for the current fiscal year, which would be an increase of 12.33 percent.
 
Compared to the 19.95 percent year-on-year growth in garment exports posted by Bangladesh during the first half of financial year 2013-14, the growth rate has decreased in January 2014. One of the reasons for this decrease is the implementation of the 76.66 percent rise in minimum wage for entry-level workers in the clothing industry since December 1, 2013.
 
With the presence of more than 5,000 garment factories that together employ nearly 4.2 million workers, Bangladesh is currently the second-largest garment exporter in the world, next only to China.
 

Fibre2fashion News Desk - India


Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search