The country’s overall merchandise exports increased 7.81% year-on-year in February to reach $4.63 billion, driven by significant growth in apparel shipments Bangladesh’s RMG exports have been continuing to beat their strategic targets for the past four months due mainly to a shift of work orders from China as well as high-cost raw material. The apparel…
Bangladesh’s apparel exports to the European Union (EU) rose by 14.29% to $15.72 billion during the July-February period of the fiscal year 2022-23 compared to the same period last year, according to statistics of the Export Promotion Bureau (EPB). Exports to France and Spain reached $1.89 billion and $2.35 billion with 27.65% and 18.79% YoY
RMG exports to EU witnesses 14.29% growth during July-Feb Read More »
Bangladesh’s apparel industry needs to increase production of manmade fiber-based items, explore new markets, and attract more investment in the textile industry to reach the $100 billion export target by 2030, said garment and textile sector leaders on Sunday. While speaking at a parallel session of the Bangladesh Business Summit 2023 on its second day,
Apparel makers stress manmade fibres, new markets to achieve $100b export target Read More »
Enormous infrastructure development is among the key factors that policymakers have highlighted to portray Bangladesh’s conducive investment ecosystem to attract as much as $100 billion in diversified sectors ranging from apparel to healthcare and logistics. A huge domestic market of 170 million people, access to the regional market of 1 billion consumers, higher rate of
Bangladesh’s apparel exports to the US market are on a positive trend. Total exports in the first month of this year stood at $867.64 million, which was $751.67 million in the same period of 2022. This information is known from the statistics of the Office of Textiles and Apparel (OTEXA) under the US Department of
The apparel industry in Bangladesh, has made commendable progress in safety, sustainability and workers’ well-being in recent years. Photo: Mumit M We have started a fresh new year. Last year ended with ‘Made in Bangladesh Week’ – the biggest-ever initiative of Bangladesh apparel industry organised by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in
Bangladesh apparel industry: Steps to move the industry forward in 2023 Read More »
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