Tag Archives: Export market

After it graduated from Least Developed Country status in July 2016, Cambodia’s economy has remained healthy with a GDP growth rate of 6.9 per cent in 2017. This was driven by the recovering tourism sector, the ongoing construction boom and the gradual emergence of non-textile exports.

Though President Trump has threatened to impose tariffs on steel and aluminum and trading partners have alluded to retaliation on items like Levi’s jeans, textile and apparel imports to the U.S. are on the upswing for, increasing 2.6% to 5.61 billion square meter equivalents (SME) in January over a year earlier.

Bangladesh's woven garments are losing competitiveness on the global market mainly for longer lead time, poor backward linkage, and insufficient gas and port facilities, business people said.

Bangladesh has turned into a major source for garment accessories, as direct export of such items increased by 66.67 percent year-on-year to $1 billion in the last fiscal year.

One does not give much thought to the export market for home textiles and terry towels in this country. Yet this USD-1.2-billion-a-year export subsector in the readymade garments (RMG) industry occupies a special place in the garments sector of Bangladesh as raw material used in the making of products is local yarn made from cotton waste.