Tag Archives: Export growth

Vulnerability, Resilience and Recovery in Readymade Garment (RMG) Enterprises of Bangladesh An Assessment of Impact and Implications of the COVID Pandemic The export-oriented apparels sector of Bangladesh has been struggling to recover from the COVID-19 related challenges. After the dip in ...

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.

Garment exports to the US grew 2.90 percent year-on-year to $1.87 billion in the first four months of the year as Bangladeshi manufacturers benefit from the Trump administration's abandonment of the Trans-Pacific Partnership.

Textile exports rose 7.2 percent to $8.79 billion during the first eight months of the current fiscal year of 2018 as value-added sector continued to post recovery in foreign earnings, official data showed on Tuesday.

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.

Export diversification has proven to be a formidable task for Bangladesh. If anything, export concentration—more specifically, dependence on readymade garments (RMG)—has increased further.

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.

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.

Country’s export earnings from United Kingdom, the third largest market for Bangladesh, soared by 19 per cent in the first half of the current fiscal year compared with the same period of last FY due to surging garment exports against Brexit fears.

Country’s export earnings in the first half of the current financial year 2017-18 posted a moderate growth of 7.15 per cent to stand at $17.92 billion from $16.72 billion in the same period a year ago amid weakening of the taka against the US dollar.