Tag Archives: Export Promotion Bureau (EPB)

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.

The government plans to set a $40 billion goods export target with a 7.14% growth for fiscal year 2018-19, riding largely on the apparel industry’s success, the largest contributor to overall export earnings.

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.

Export earnings fell 1.38 percent year-on-year to $3.05 billion in March due to a decline in leather goods shipment.

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.

With India's apparel exports further declining by 10.25 per cent during the month of February 2018 against the corresponding month of February 2017, industry body Apparel Export Promotion Council (AEPC) has raised concerns over the downward trend.

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.

Increased dependence on fabrics import and a lack of proper policy on energy supply are negatively impacting the competitiveness of Bangladesh’s woven garment exports in the global market.

China has gradually been shifting from labour-intensive to capital-intensive industries.

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.