Bangladesh’s garment export industry still ranks first
Bangladesh’s garment export industry remains the largest in the local export industry, with a revenue of US$19.025 billion in the fiscal year 2010-2011.
Among them, knitted garments, plain woven garments, and home textile industries accounted for total revenue of US$9.48 billion, US$8.43 billion, and US$788.76 million respectively.
The knitted garments and plain woven garments industries also increased by 46% and 40% respectively compared with the 2009-2010 financial year. According to relevant sources, this upward trend is due to the fact that international brands such as Wal-Mart, Tesco, and H&M have lost favor with China due to cost issues and have transferred orders to Bangladesh.
The Bangladesh government has set an export revenue target of US$26.36 billion for this fiscal year, an increase of 13% from last year.
21 major export products are expected to maintain a growth trend this fiscal year. in. Knitted 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%, and 15% respectively this year. , 53.3%, 12%, and 12%.
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