Home / Knowledge / News / Apparel/Garments / RMG exports register exceptional growth
RMG exports register exceptional growth
07
Aug '08
The fiscal year 2007-08 saw Bangladesh earning US $14.110 billion in export revenues, registering a growth of 15.87 percent compared to the previous year. The largest contribution, as always, came from the readymade garment (RMG) sector.

Although the target set by the Government was $14.500 billion for fiscal 2007-08, the growth realized was still close and very substantial. Of the total revenues fetched, woven and knitwear, the two key sub sectors of RMG, alone brought in some $10.699 billion.

While the knitwear sub sector earned $5.532 billion in July- June period, up by 21.50 percent over the corresponding period last year, woven garments fetched $5.167 billion registering a growth of 10.94 percent compared to the same period of 2006-07.

Ms.Rumana Akhter, Acting Chief Executive officer of Bangladesh Knitwear Manufacturers' Association (BKMEA) revealed to Fibre2fashion that, "knitwear became the single largest foreign exchange earner, followed by woven, together exceeding the target for the just ended fiscal and accounting for a stupendous 76 percent of the country's export earnings." In the month of June alone, exports of knitwear reached $603 million, up by 24 percent over the same month of 2007.

However, a considerable amount of revenue was also generated by exports of petroleum byproducts, textile fabrics, footwear, home textiles, terry towel, and leather all of which delivered a strong performance in the period under review.

Bangladesh continues to expand its RMG sector helped by exploring new export markets like Poland, Russia and Uzbekistan and ensuring a greater growth in the years to come.


Must ReadView All

Courtesy: Amazon

Apparel/Garments | On 23rd Sep 2018

Consumers in Turkey get access to Amazon

Amazon has launched in Turkey giving customers in the country...

Value in omni-channel retail with Flipkart buying: Walmart

Apparel/Garments | On 23rd Sep 2018

Value in omni-channel retail with Flipkart buying: Walmart

With the acquisition of Flipkart, Walmart sees great value in...

E-com to result in common SE Asian consumer market: BCG

Textiles | On 23rd Sep 2018

E-com to result in common SE Asian consumer market: BCG

The rapid spread of e-commerce and digital technologies is binding...

Interviews View All

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Anupam Arya,

Anupam Arya

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

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

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

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


September 2018

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

news category


Related Categories:

Advanced Search