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Shift in orders from China, RMG exports up
10 Sep '10
2 min read
According to the statistics of Export Promotion Bureau (EPB), overall export figures increased more than 26 percent in July – the first month of the fiscal 2010-11, in comparison with the exports during the same month in the previous fiscal.
According to the apparel exporters, this hike in exports is attributed to the rising tendency among the international buyers, who have shifted their export orders from China to Bangladesh. Bangladesh shipped apparels worth $1.81 billion in July, out of which $798.66 million was from knitwear and $671.28 million from woven products, recording a hike of 22.55 percent and 28.62 percent, respectively, from July 2009.
Exports of items, like raw jute, jute carpets, home textiles, leather, leather products, footwear, frozen food items, tea, ceramic products, furniture and bicycles, soared in the month of July. But the shipment of handicrafts, chemical products, urea fertilizers and pharmaceuticals showed a decline.
Faruk Khan, the Commerce Minister, requested the exporters not to be content with the export growth data, and put more efforts to attain a mark of $18.5 billion in the current fiscal year.
According to an expert, China is currently facing an acute shortage of textile workers. Therefore, most of the international buyers are ready to place their orders to Bangladesh. However, the power and gas crisis as well as poor infrastructure does not allow Bangladesh to use its optimum production capacity.
He also added that, the Chittagong Port has also lost its impetus and failed because of its bad performance.
According to the apparel exporters, this hike in exports is attributed to the rising tendency among the international buyers, who have shifted their export orders from China to Bangladesh. Bangladesh shipped apparels worth $1.81 billion in July, out of which $798.66 million was from knitwear and $671.28 million from woven products, recording a hike of 22.55 percent and 28.62 percent, respectively, from July 2009.
Exports of items, like raw jute, jute carpets, home textiles, leather, leather products, footwear, frozen food items, tea, ceramic products, furniture and bicycles, soared in the month of July. But the shipment of handicrafts, chemical products, urea fertilizers and pharmaceuticals showed a decline.
Faruk Khan, the Commerce Minister, requested the exporters not to be content with the export growth data, and put more efforts to attain a mark of $18.5 billion in the current fiscal year.
According to an expert, China is currently facing an acute shortage of textile workers. Therefore, most of the international buyers are ready to place their orders to Bangladesh. However, the power and gas crisis as well as poor infrastructure does not allow Bangladesh to use its optimum production capacity.
He also added that, the Chittagong Port has also lost its impetus and failed because of its bad performance.
Fibre2fashion News Desk - India
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