Bangladesh's garment exports to new markets soar in FY'13

The exports of readymade garments from Bangladesh to 11 non-traditional markets soared by 28.75 percent year-on-year during the just concluded financial year, according to the data from the Export Promotion Bureau.

 

The exports of readymade garments from Bangladesh to 11 non-traditional markets soared by 28.75 percent year-on-year during the just concluded#

Bangladesh’s apparel exports to the 11 countries—Brazil, Russia, India, China, South Africa, Turkey, Chile, Mexico, Australia, Japan and South Korea—increased to US$ 2.97 billion during the fiscal year ending June 30, 2013, compared to exports of US$ 2.3 billion made during the previous fiscal.

 

The exports of readymade garments from Bangladesh to 11 non-traditional markets soared by 28.75 percent year-on-year during the just concluded#

Of the total clothing exports to these 11 countries, knitwear exports grew by 30.66 percent year-on-year to US$ 1.49 billion, while woven product exports rose by 26.89 percent year-on-year to US$ 1.48 billion.

 

The exports of readymade garments from Bangladesh to 11 non-traditional markets soared by 28.75 percent year-on-year during the just concluded#

Among the non-traditional markets, Bangladesh’s garment exports to Russia registered the highest growth, followed by Chile, South Korea, Australia, and Japan.

 

The exports of readymade garments from Bangladesh to 11 non-traditional markets soared by 28.75 percent year-on-year during the just concluded#

Bangladesh garment makers started exploring new markets in 2007-08 due to economic slowdown in its traditional EU and the US markets.

 

The exports of readymade garments from Bangladesh to 11 non-traditional markets soared by 28.75 percent year-on-year during the just concluded#

Bangladesh’s garment exports during July-June 2012-13 period climbed by about 12.7 percent to US$ 21.515 billion over exports of US$ 19.089 billion made during the corresponding period of 2011-12.

 

The exports of readymade garments from Bangladesh to 11 non-traditional markets soared by 28.75 percent year-on-year during the just concluded#

In 2012-13, the top three export destinations for Bangladesh garments were Europe, which accounted for US$ 12.56 billion, followed by the US and Canada, which accounted for US$ 4.99 billion and US$ 980 million, respectively.

 

The exports of readymade garments from Bangladesh to 11 non-traditional markets soared by 28.75 percent year-on-year during the just concluded#