Export

Bangladesh Largest Shipper Of Cotton Apparels To UK

Textile Insights September 1, 2023

Bangladesh has become the largest exporter of apparels made from cotton to the UK in 2021, and is followed by China in second place. Shipments of exports of cotton clothing to UK from the South Asian country reached $1.95 billion in 2021, thereby gaining a market share of 21.9 percent, which is

Export

Australia Also Offers Duty Free Status To Bangla Garments Post LDC

Textile Insights August 29, 2023

Australia becomes the third country after the UK and Canada, which will continue to offer duty free status to Bangladeshi garment exports after the country graduates from its least developed country (LDC) status in 2026. This assurance was provided by an official of the Australian government’s Department of Foreign Affairs and Trade, during a recent […]

Export

Bangladesh’s Value Addition From Apparel Exports Up 11.5% Points

Textile Insights August 25, 2023

The Central Bank of Bangladesh informed that value addition from garment exports increased 11.5 percentage points in fiscal 2023 over fiscal 2022. A report titled ‘Quarterly Report on RMG’ released by Bangladesh Bank said the value addition in the apparel export industry rose from 54.38 percent in fiscal 2022 to 65.97 percent in fiscal 2023. […]

Export

New UK Policy To Assist Bangladesh Ship Duty Free Apparels

Textile Insights August 21, 2023

UK has unveiled a new scheme called ‘Developing Countries Trading Scheme’ (DCTS) which will help Bangladesh export duty free apparels to UK, post its graduation from Least Developed Country (LDC) status. DCTS provides countries one of the most generous sets of trading preferences of any country in the world and which is similar to the […]

Export

Bangladesh Close To Becoming Biggest Cotton Apparel Exporter

Textile Insights August 16, 2023

Bangladesh is close to surpassing China as the world’s largest cotton apparel exporter amid stronger demand prospects, which are expected to drive cotton consumption higher. This was informed in the latest United States Department of Agriculture (USDA) report, which also forecast Bangladesh cotton consumption to grow by 800,000 bales to 8.0 million bales in 2023-24. […]

Export

Bangladesh Manages To Double US Garment Exports In Five Years

Textile Insights August 16, 2023

Bangladesh has managed to double its garment exports to the US, which is its largest market over the last five years and in 2022 touched US $9.75 billion. “In the same five-year period, US imports of apparels rose 28 percent to reach almost $100 billion,” figures from the Office of Textile and Apparels (OTEXA) revealed […]

Export

July Bangla Garment Exports Rise Sharply By 17.43%

Textile Insights August 14, 2023

During the first month of fiscal 2024, Bangladeshi garment exports rose sharply by 17.43 per cent to US $3.95 billion, up from $3.37 billion dollars in July 2022. Of this, woven garment shipments grew 11.54 percent in July 2023 and totaled $1.68 billion from $1.51 billion in July 2022, while knitwear export grew year on […]