Bangladesh's Garment Export Industry Is Still The Dominant Export Industry In Bangladesh.

2011/7/28 13:57:00 39

The People's Republic of Bangladesh Ready-made clothes The export industry is still the biggest exporters of the local industry and has achieved a success of 19 billion 25 million dollars in the fiscal year 2010 to 2011. Among them, knitted garments, plain woven garments and household textiles accounted for 9 billion 480 million US dollars, 8 billion 430 million US dollars and 788 million 760 thousand US dollars respectively.

Knitted apparel and flat knitted apparel industry also increased by 46% and 40% compared with the 2009 to 2010 fiscal year. The rising trend is due to the fact that international brands such as Wal-Mart, Tesco and H&M have lost their favor with China due to cost problems, and the order has been transferred to Bangladesh, according to people concerned.

The Bangladesh government has set an export revenue target of US $26 billion 360 million for the current fiscal year, an increase of 13% over last year. The 21 main export products are expected to maintain growth trend in the current fiscal year. Among them. knitting Ready-made garments, plain woven garments, jute and jute products, leather, ceramics, shipbuilding, frozen seafood and processed agricultural products are expected to increase by 13.5%, 13%, 23.81%, 40%, 15%, 53.3%, 12% and 12% respectively this year.