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

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 […]

Export

Bangla Garment Exports Get UK Duty Free Status Post LDC

Textile Insights August 11, 2023

Bangladesh garment exports to the UK will continue to receive duty free status posts for a three year period following its transition out of the Least Developed Country (LDC) status in 2026. The South Asian country will be eligible to export 92 percent of tariff line products duty-free, which also includes apparels, when accessing the […]

Export

Australia Assures Bangladesh of Duty Free Status Post LDC

Textile Insights July 25, 2023

Tim Ayres, Australia’s Assistant Trade Minister gave an assurance that duty free access for Bangladeshi garments would continue, even after the country loses the perks of its least developed country (LDC) status in 2026. The Minister said this while meeting a delegation of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh’s high

Export

Bangla Garment Exports Record New Milestone

Textile Insights July 12, 2023

In fiscal year ending June 2023, Bangladeshi garment exports rose 10.27 percent year and year to US $47 billion and in the process registered a new milestone in garment exports. In the fiscal under review overall Bangladesh exports totaled $55 billion. which was again the highest-ever export earning in the history of Bangladesh. This brought […]

Export

Bangla Garment Exports Rise 5.44% in Jan-May 2023

Textile Insights June 28, 2023

Bangladesh garment exports in the first five months of 2023 rose 5.44 percent year on year to touch US $19.63 billion. However, clothing shipments to EU grew slower at 2.98 percent from a year ago, during the same period and reached $9.71 billion. “While exports to Italy, Spain and France grew at a faster pace, […]

Industry

Bangladesh Garment Exports Up 10.6% In 11 Months To May’23

Textile Insights June 12, 2023

For the eleven month period, beginning from July 2022 to May 2023, Bangladeshi garment exports rose to US$ 42.63 billion, up 10.67% year on year, as against the earlier eleven month corresponding period. According to BGMEA, export of knitwear in the period stood at US$ 23.27 billion, a growth of 10.92%, while woven garments fetched […]