BANGLADESh: Bangladesh becomes world`s second largest knitwear exporter.
According to statistics of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), Bangladesh exported 7.78 billion pieces of knitted garments in 2010, amounting to Taka 6.19 billion (approximately US$85.50 million) in value.
Egytex News Desk
Source: www.yarnsandfibers.com
In terms of export volume, Bangladesh became the world's second largest knitwear exporter, surpassing Turkey, which exported 7.74 billion pieces in 2010.
China remains to be the world's biggest exporter of knitwear in terms of both export volume and value, making up 50% of the world's knitted garments market.
Despite viewing Bangladesh as a competitor in the garment market, Turkey is also a significant export market of Bangladeshi apparel, given its fast growing economy. As a result, Turkey has started to step up preventive measures, for instance, it has imposed 27% tariff on garments imported from Bangladesh.
BKMEA is confident about the potential of the country's garment industry. It noted that if the country's apparel export can grow by this year's rate of 40%, it will beat Turkey to be the world's second largest knitwear exporter by value next year.
Source: www.yarnsandfibers.com
From the Egytex news archive, first published on 27 April 2011. Figures and names are as reported at the time.
