BANGLADESH: Bangladesh hails dramatic rise of garment export to Japan
Japan proves to be a lucrative destination for Bangladesh's garment as apparel exports to the country saw an extraordinary 148% growth in the first half of the current fiscal year compared to the same period a year ago.
Egytex News Desk
Source: adsaleata.com
Bangladesh exported ready-made garments worth US$34.043 million during the July-December period of 2009-10 compared to $19.415 million of 2008-09. The country earned US$74.381 million in fiscal 2008-2009 and US$28.035 million in fiscal 2007-08 from RMG export, according to Export Promotion Bureau data.
Knitwear accounted for US$28.09 million during the same period, up from US$5.964 million a year before, the EPB data said. The country made shipments of home textile worth US$1.125 million during the July-December of the current fiscal year.
Japan has reduced its dependence on imports from China, which gave a boost to apparel exports of Bangladesh further increasing their sourcing from Bangladesh, said manufacturers and exporters. For instance, Japanese retail giant Uniqlo has opened a sourcing office in Dhaka.
Abdus Salam Murshedy, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said growth in Bangladesh's apparel exports to Japan has much potential to become sustainable as cost of garment production is lower in the South Asian country.
Source: adsaleata.com
From the Egytex news archive, first published on 1 August 2010. Figures and names are as reported at the time.
