Export

Bangladesh Exports May Shrink Up To 14% Post LDC Graduation

Textile Insights May 3, 2024

After its graduation from a least developed country (LDC) in 2026, exports from Bangladesh are expected to drop between 5.5 and 14 percent, due to the country losing its preferential trade benefits. According to an Asian Development Bank (ADB) study, over 70 percent of the country’s

Export

Bangladesh Garment Exports Lag Behind Asian Competitors

Textile Insights April 30, 2024

Apparel exports from Bangladesh have witnessed a drop in both value and volume to the EU and the US in the first two months of 2024. While, China and Vietnam both reported single-digit growth in terms of value and volume of garment exports to the US, Bangladesh has recorded double-digit negative growth rate in this […]

Export

BGMEA Seeks US Govt Support To Ensure Fair Minimum Garment Price

Textile Insights April 24, 2024

Bangladesh garment exporters have sought support and collaboration of the US government to ensure fair minimum price of apparel and a unified code of conduct for social audits. This was conveyed by office bearers of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in a meeting with United States Trade Representative (USTR) delegation. “BGMEA also […]

Apparel, Fashion, Retail Economy

Bangladesh Seeks Duty Free Access For Garment Exports To US

Textile Insights April 22, 2024

Amongst various demands, the Bangladesh government has urged the US to provide quota free as well as duty free access to Bangladeshi apparels manufactured from US cotton. The demands were made at a US-Bangladesh TICFA Intercessional Meeting held at the office of the Bangladeshi Ministry of Commerce. While briefing journalists after the meeting, Senior Commerce […]

Export

Bangladesh Seeks To Expand Apparel & Jute Exports To Russia

Textile Insights April 12, 2024

Jahangir Kabir Nanak, the Bangladeshi Textiles and Jute Minister said his government wants to expand exports of apparels and jute-made products to Russia. “Russia can be a big export market for Bangladeshi garments as well as jute made products,” the minister said after a meeting with Russian Ambassador to Bangladesh, Alexander Mantytskiy. While addressing journalists […]

Export

Double Digit Growth for Bangladesh Garment Exports in March

Textile Insights April 10, 2024

Bangladeshi garment exports increased in double digits or by about 11 percent to reach US $4.34 billion in March 2024 compared to $3.89 billion a year ago, according to data of Export Promotion Bureau. Of this, knitwear exports saw 16.47 percent growth, reaching $2.42 billion compared to $2.07 billion in March 2023, while woven apparel […]

Export

Bangladeshi Apparel Exports To India Drop 23% In July-Feb

Textile Insights April 4, 2024

Bangladeshi exports of garments to India totalled US $580 million in the first eight months of fiscal ending June 2024, a massive decline of 22.99 percent as against $750 million in same period of earlier fiscal. Overall exports from Bangladesh to India fell to $1.27 billion between July 2023 and February 2024, down 16.59 percent […]

Industry

CCPIT Explores Collaboration With BGMEA

March 10, 2024

A delegation from the Sub-Council of Textile Industry, a branch of the China Council for the Promotion of International Trade (CCPIT), was led by Vice President and Secretary General Zhang Tao to meet Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), at its headquarters in the city. Accompanying Zhang Tao were […]

Export

Bangladesh Clothing Exports Increase 13.93% In February 2024

Textile Insights March 8, 2024

Bangladesh exported apparels totaling to US $4.49 billion in February 2024, increasing by 13.93 percent over a year ago period and also recorded one of the highest figure for any single month. In January 2024, garment exports had reached a record high for a single month and had amounted to $4.97 billion or close to […]

Export

Bangladesh Faces $27bn Apparel Export Hit From Extreme Weather

Textile Insights February 29, 2024

Bangladesh could lose a massive $27 billion in yearly apparel exports by 2030, if the country does not adopt a climate-adaptive approach due to high heat and floods. Around 2.5 lakh employees working in the garment sector are forecast to lose jobs due to climate-induced disruptions by 2030. This was the interpretation of a study […]