Tag Archives: Bangladesh apparel exports

CPD-FES Publication Industrial Safety in the RMG Sector in the Post-Accord-Alliance Era Is the Institutionalisation Process Slowing Down? Industrial safety in the readymade garments (RMG) sector has been passing a critical phase with a lack of proper coordination, monitoring and ...

Garment shipments from Bangladesh to its major Asian markets—India, China and Japan—are rising by the day thanks to competitive prices the country offers and spiralling production cost in China.

Garment shipments to India, a country with a $50 billion apparel market, more than doubled in the first 11 months of the fiscal year -- in a promising development for Bangladesh's manufacturers.

Sluggish private investment, rise of capital intensive sector and adoption of advanced technologies are three key reasons behind this, experts and analysts said.

Garment exports to non-traditional markets rose 3.77 percent year-on-year to $2.56 billion in the July-January period of the current fiscal year thanks to preferential trade benefit and fiscal incentive.

Germany has once again emerged as Bangladesh’s largest export market overtaking the United States in July-February of the current fiscal year 2017-18 due to slow growth in readymade garments export to US market.

Bangladesh’s export earnings rose by 6.55% to $21.32b in the first seven months of the current fiscal year, with the apparel industry contributing to most of the earnings.

Garment exports to India soared 66.41 percent in the first six months of the fiscal year on the back of demand from Western brands operating in the neighbouring country and closure of some small- and medium-scale factories.

The favourable US dollar-taka exchange rate has lent a helping hand to apparel exporters in the outgoing calendar year, cushioning the fallout from the uncertain political climate in the Western world.

Despite an impressive growth of our Gross Domestic Product over two decades, the contribution of exports to GDP remains disappointing low, and is on a declining trend for a few years now.