+917718880355

news

Readymade garment export from Bangladesh slowing down

YarnsandFibers News Bureau 2015-06-24 15:40:00 – New Delhi

Readymade garment exports from Bangladesh are although growing, but at a slower pace in the current fiscal year, the latest government data shows. According to Export Promotion Bureau data exports aggregated USD$22.92 billion during the eleven months up to May 2015, registering an increase of 3.4 per cent over the exports of US$22.18 billion in the same period of the previous fiscal. US, Germany and UK were the top markets for Bangladeshi garments.

In 2013-14, clothing exports from Bangladesh had surged 13.8 per cent to US$24.49 billion, compared to US$21.52 billion in 2012-13. For 2014-15, the export target was set at US$13.22 billion for knitwear and US$13.68 billion for woven garments.

During the first 11 months of 2014-15, knitwear exports were up 2.3 per cent at US$11.17 billion from US$10.92 billion in the corresponding months of the previous fiscal. Similarly, exports of woven apparel increased 4.4 per cent to US$11.76 billion during the eleven-month period, compared to exports of US$11.26 billion during the same period of 2013-14.

Woven and knitted apparel and clothing accessories’ exports together accounted for 81.5 per cent of the total exports during the 11-month period. Garment exports grew at a slightly faster pace compared to the aggregate 2.8 per cent during the period.

Please Login to comment

Other services

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!