Export

Bangladesh Garment Exports Rise 13% in Q1FY’24

Textile Insights October 9, 2023

Bangladesh garment exports rose 13.07 percent year on year in the first fiscal quarter ending September 30, 2023 and totaled to US $11.61 billion. Of overall apparel exports between July and September, knitwear shipments reached $6.76 billion, a rise of 19.70 percent year-over-year, while woven

Export

Bangla Clothing Exports Up 13.07% In Q1FY’24

Textile Insights October 2, 2023

Bangladesh apparel exports increased to $11.61 billion in the first quarter of fiscal 2023-24, up 13.07 percent over $10.27 billion recorded in the comparable quarter of fiscal 2022-23. Data from the Export Promotion Bureau revealed that of overall garment exports, knitwear exports expanded 19.70 percent year on year to $6.76 billion in the July to […]

Export

US Will Consider Duty Free Access for Bangladesh Garments

Textile Insights September 29, 2023

At the seventh US-Bangladesh Trade Investment Cooperation Forum Agreement (TICFA) meeting held in Dhaka, the US said it will consider including Bangladesh’s garment exports in a new GSP programme. Apparel products included in the programme will have duty-free access to the US market as against 15 percent duty currently paid by Bangladeshi clothing exporters. The […]

Export

Innovation Key To Achieve $100bn Bangla Garment Export Target

Textile Insights September 18, 2023

At a seminar, Bangladesh garment industry and exporters and experts were of the opinion that innovation was the key to Bangladesh apparel exports touching the $100 billion mark by 2030. The Textile Today Innovation Hub and CEMS-Global jointly organised the seminar which was held concurrently with the 22nd Textech Bangladesh 2023 International Expo which was […]

Export

Bangladesh Garment Exports Inch Up 4.92% In August

Textile Insights September 6, 2023

Bangladesh garment exports inched up 4.92 percent in August to US $3.93 billion, up from $3.74 billion in the same month of earlier fiscal. In the first two months of the current fiscal ending June 30, 2024, apparel shipments reached $7.88 billion, a growth of 12.46 percent over comparable months of the previous fiscal “In […]

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 double the market […]

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. […]