Home / Knowledge / News / News From the WEB / January 2018 bags a boom from Bangladesh apparel export
January 2018 bags a boom from Bangladesh apparel export
08
Feb '18

Desk Report (RMG Times) Bangladesh, being the world’s second-largest apparel exporter, witnessed a marginal rise in its exports to US $ 2.88 billion in the month of January 2018.

During the first month of the year, apparel exports contributed to an overwhelming 84 per cent of the total export earnings of Bangladesh, which on average remains just over 82 per cent.

The latest data from Bangladesh Export Promotion Bureau shows that in total knitwear and woven garments’ earnings reached US $ 2.88 billion in January while it stood at US $ 2.81 billion in December 2017.

The cumulative sum exceeded the strategic export target for July 2017 to January 2018, set at US $ 17.18 billion, by 2.71 per cent to reach US $ 17.65 billion. On a year-to-year basis, apparel exports during the stated period marked an increase of 7.57 per cent as against the corresponding months of the previous fiscal.

Woven garments occupied over 54 per cent of the total apparel export share at US $ 1.57 billion. On the other hand, knitwear, the sector seeing the bulk of automation, witnessed earnings of US $ 1.31 billion.

In September last year, exports from Bangladesh slumped significantly on the stretch of holidays and slowdown in exports of the apparel division. Then, the apparel export amounted to US $ 1.62 billion.

(This story has not been edited by Fibre2Fashion staff and is published from a syndicated feed.)


Must ReadView All

Philippines wearable industry expects 20% export growth

Apparel/Garments | On 17th Aug 2018

Philippines wearable industry expects 20% export growth

The combined export growth of textile, garments and other wearable...

Talks on new minimum wage for next year start in Cambodia

Apparel/Garments | On 17th Aug 2018

Talks on new minimum wage for next year start in Cambodia

The Cambodian labour ministry and relevant stakeholders recently...

Boost research to double yield: Indian Cotton Federation

Textiles | On 17th Aug 2018

Boost research to double yield: Indian Cotton Federation

Despite India being the world’s largest producer of cotton for three...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Ravindra Jain, Ashish Baid

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

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

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

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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

news category


Related Categories:
August 2018

August 2018

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search