Friday, May 28, 2010

Bangladesh Apparel Exports get Momentum as Global Recession Recedes

In the first ten (10) months of the current fiscal year ending in June 2010, Bangladesh obtained nearly 10 billion U.S. dollars from apparel (garment) exports which got momentum in the recent months as the global recession recedes, industry insiders said Wednesday, May 26, 2010.

They said export earnings from garments, including knitwear and woven, in July-April period of 2009-2010 fiscal (July 2009-June 2010) stood at 9.96 billion U.S. dollars, an about 78 percent of the total export income of Bangladesh during the same period of the year.
 
There are around 4,700 textile factories in Bangladesh, which employ over 3 million workers, 80 percent of them are women.
Industry insiders said the slump in Bangladesh's garment export earnings during July-April period eased to around 1.73 percent, comparing with the same months of the last fiscal (July 2008 to June 2009), raising strong hopes of recovery from the shocks of the global economic downturn.

In July-April period of this fiscal year (2010), according to the EPB (Bangladesh's Export Promotion Bureau), knitwear garment export fell 2.06 percent to 5.12 billion U.S. dollars while woven garments dropped 1.38 percent to 4.84 billion U.S. dollars, comparing with the same period of last fiscal.

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