Daffodil International University

Faculty of Engineering => Textile Engineering => Topic started by: Md. Saiful Hoque on May 22, 2018, 08:58:29 AM

Title: Apparel exports grew 9.37 percent in first 10 months
Post by: Md. Saiful Hoque on May 22, 2018, 08:58:29 AM

Apparel exports grew 9.37 percent year-on-year to $25.30 billion in the first 10 months of the Fiscal Year (FY) 2017-2018. Knitwear exports rose 11.43 percent to $12.54 billion and woven garments exports were up 7.42 percent to $12.76 billion.

According to the data from the Export Promotion Bureau (EPB), overall, exports increased 6.41 percent year-on-year to $30.40 billion in the July-April period. The earnings slightly missed the periodic target of $30.49 billion.

Exports rose 7.11 percent year-on-year to $2.95 billion in April riding on the higher shipment of garment items. Although the receipt is 0.51 percent higher than the monthly target of $2.94 billion, it was the lowest in six months.

The president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Siddiqur Rahman stated, “We will be able to achieve more than 10 percent garment export growth at the end of the fiscal year as the trend in the international market shows very bright prospects.”

“At the end of the current fiscal year, we will be able to surpass the garment export of $30 billion for the first time,” he added.

According to the report of EPB for FY 2017-18 July-April, Cotton, cotton products, and yarn exports went up by 19.01 percent to $108.22 million, jute and jute goods increased 7.66 percent to $889.74 million, home textile exports rose 13.07 percent to $751.67 million, leather and leather goods sector down 10.02 percent to $916.74 million.

Source: Textile Today

Title: Re: Apparel exports grew 9.37 percent in first 10 months
Post by: subrata.te on May 22, 2018, 10:30:26 AM

(https://www.textiletoday.com.bd/wp-content/uploads/2018/05/Apparel-exports-grew..jpg)

There is a downward trends of earnings in the first four months of the fiscal year. But BGMEA president Siddiqur Rahman is quite confident to be able to achieve more than 10 percent garment export growth at the end of the fiscal year as the trend in the international market shows very bright prospects.

Title: Re: Apparel exports grew 9.37 percent in first 10 months
Post by: Mashud on May 22, 2018, 10:46:40 AM

What can we do?

Title: Re: Apparel exports grew 9.37 percent in first 10 months
Post by: subrata.te on May 22, 2018, 12:47:14 PM

There are shortage of skilled people and also less chances of research. Beside this, we need to think about other value added textile products apart from the basic garments only.

Title: Re: Apparel exports grew 9.37 percent in first 10 months
Post by: smriti.te on May 28, 2018, 12:00:58 AM

Nice conversation

Title: Re: Apparel exports grew 9.37 percent in first 10 months
Post by: Kazi Rezwan Hossain on May 28, 2018, 10:46:34 AM

Very Informative and useful