Export

Infusing $18bn To Help Bangla MMF Apparel Exports Touch $42bn

Textile Insights March 4, 2024

The Bangladesh garment industry has the potential to boost its non-cotton or manmade fibre (MMF) apparel exports to US $42 billion by 2032 at an additional investment of $18 billion. This was revealed in a study conducted by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

Export

Bangladesh Plans To Expand Wool Garment Exports 10 Times

Textile Insights December 22, 2023

The Bangladesh garment export industry aims to expand its woollen garment exports in the next five years and propel them by 10 times from the current US $100 million. This development comes in the background of Australia, the world’s biggest wool producer, is targeting Bangladesh as an alternative to China for its wool processing. “Bangladesh […]

Export

Bangladesh Garment Exports To US Plunge 24.75% In Jan To Oct

Textile Insights December 15, 2023

In the first ten months of 2023, Bangladesh’s garment exports to the US totaled US $6.35 billion plunging by 24.75 percent year on year. In volume terms, apparel overseas shipments to the US between January and October dropped higher at 29.51 percent to 1.95 billion square metres from 2.41 billion square metres in the same […]

Export

If US Imposes Sanctions, Garment Buyer Will Not Take Delivery

Textile Insights December 12, 2023

A US based fashion garment buyer has issued a letter of credit (LC) to a Bangladesh garment exporter, with the condition, that it will not pay the amount or take delivery, if US enforces sanctions on Bangladesh. As per Prothomolo, this development was confirmed by Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters […]

Export

Several Challenges For Garment Export Sector – Bangladesh Bank

Textile Insights December 6, 2023

The Bangladesh Bank’s (BB) latest quarterly review on the garment sector informs that Bangladesh garment exports may face various challenges in the next few months of the current fiscal year. The central bank of Bangladesh attributed the challenges to global economic volatility, high inflation, uncertainties over the geo-economic landscape and low productivity. “Reducing

Export

Bangladesh Clothing Overseas Shipments Drop 6.05% In November

Textile Insights December 5, 2023

Bangladeshi apparel exports fell to US $4.78 billion in November 2023, decreasing by 6.05 percent year on year and garment shipments were the highest in the month, since the fiscal began in July 2023. “Exports of clothing dropped to $22.3 billion in the five months to November of fiscal 2024, down 1.82 percent from a […]

Export

Bangla Apparel Exports To India Down 12.8% In July-Oct

Textile Insights November 21, 2023

In the first four months of fiscal 2024 ending October 2023, Bangladesh garment exports to India dropped to US $346.34 million, down 12.80 percent compared with same period of earlier fiscal. Experts have raised concerns over apparel exports falling in the reporting period to the neighbouring country, which has a big population. “But they also […]

Export

Bangladesh Garment Exports Script Turnaround Between July-Oct

Textile Insights November 11, 2023

In the July to October period, Bangladesh clothing exports totaled US $14.78 billion, up from $13.95 billion in the comparable months of earlier fiscal, indicating a growth of 5.59 percent. Bangladesh garment exports in October 2023 dropped 13.93 percent to $3.17 billion from $3.68 billion in October 2023. The labor unrest, which started around the […]

Export

TEA Tells Centre To Restrict Bangladesh Garments Imports

Textile Insights October 23, 2023

A Tirupur garment exporter’s association has sought the intervention of the centre to restrict the ever increasing import of knitted fabrics and garments from Bangladesh. Both fabrics and garments are imported from Bangladesh into India without paying any customs duty under a free trade agreement (FTA) signed between both countries. “It’s the local manufacturers who

Export

Jan To Sept Bangla Garment Exports Down To US But Up To EU

Textile Insights October 20, 2023

In the nine months to September 2023, exports of apparels to the EU rose 6.40 percent from a year ago period to $17.52 billion, but clothing exports to the US fell to $6.30 billion, down 7.18 percent. Clothing shipments to Canada increased 6.27 percent to $1.12 billion, while those to the UK climbed in double […]