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Bangladeshi apparel entrepreneurs said the potential influx of additional orders to Bangladesh would not only catalyse the growth of existing industries but also pave the way for the creation of numerous job opportunities. When queried about the countries or regions from which US fashion companies intend to enhance their sourcing value over the next two […]

Better Cotton, the world’s largest cotton sustainability movement, and Cotton Egypt Association (CEA), the organization in charge of promoting and preserving Egyptian cotton throughout the world, have announced a new strategic agreement to grow the Better Cotton program in Egypt. The Egyptian Cotton Project, managed by the United Nations Industrial Development Organization (UNIDO), and sponsored

Bangladesh’s share in the global clothing export market increased significantly to 7.90 per cent in the last year from 6.40 per cent in 2021, according to the latest statistics released by World Trade Organization (WTO). The country’s share in the global ready-made garments (RMG) market was 6.30 per cent in 2020, 6.80 per cent in

Japan is becoming a major trading partner of Bangladesh in terms of export and investment. The country’s manufacturers have set a target of $10 billion in apparel export earnings from Japan by 2030. Also, Japan has emerged as a major source of investment for Bangladesh in recent years. Bangladesh first export to Japan among the

Three-quarters (76 percent) of Bangladesh’s product exports are to 12 countries including the United States and Germany. Exports to each of these countries exceed $1 billion. Australia is the newest addition to this billion-dollar club. According to the Export Promotion Bureau (EPB), the top 12 export destinations of Bangladeshi products in the outgoing financial year

The recent surge in political violence in the country has sparked concerns among exporters who are currently operating their factories at least 20% below capacity owing to declining orders from Western markets that are facing inflationary pressures for over a year. While exporters were hopeful that the easing inflation in the USA and Europe would

Although apparel exports have declined in some major European markets, the sector has maintained good growth in non-traditional markets. In the fiscal year 2022-23, the country’s garment exports to non-traditional markets increased by 31.38 percent. This information is known from the sources of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Export Development Bureau (EPB)

It’s now a battle for survival for garment and textile factories as they are finding it hard to stay afloat with the harsh reality of diminishing orders, high energy price and mounting bank liabilities amid a challenging economic climate and ongoing war. In the face of impending losses, owners are now considering an alternative solution:

Apparel exports grew by 9.93% year-on-year in the European Union countries to about $23.52 billion, while the earning was $21.40 billion in FY22, according to the Export Promotion Bureau (EPB). Besides, the UK market also saw 11.78% year-on-year growth to over $5 billion in FY23, while the earning was $4.50 billion in the previous fiscal.

Bangladesh’s apparel export fetched $46.99 billion, recording a growth of 10.27% during the just concluded FY2022-23. The official data of the export promotion bureau (EPB) showed that Bangladesh’s apparel products export performance in FY2022-23 exceeded the target set for fiscal 2022-23 by 0.41%. While in the previous financial year (FY) of 2021-22, the readymade garment