RMG Export
Exports fell in FY24 for lower woven, knitwear shipments
Bangladesh’s overall exports fell 4.34 percent year-on-year in FY24 due to lower shipments of ready made garments (RMG), reflecting sluggishness in industrial activities and the economy.
Apparel retailers express concern about shipment delay
International clothing retailers and brands yesterday expressed concern about the timely shipment of goods following the latest spell of violence stemming from the quota reform movement, imposition of curfew and five-day internet blackout, which crippled economic activities.
Foreign buyers express concern over timely shipment of RMG
They gave assurance of not seeking any discount or air shipment or cancelling work orders
RMG exporters in a race against time to offset losses
Local apparel exporters are in a frantic race to recover the losses they incurred during the latest spell of violence centring the quota reform movement and nationwide curfew, with international retailers and brands pressuring them to ensure timely delivery of goods.
RMG export to EU rises by 2% in 11 months
$21.64 billion worth of apparels were shipped to the European Union in the Jul-May period this fiscal year
RMG export prices fall up to 16% in last 8 months
International market prices declined mainly because of a fall in demand from end consumers suffering from high inflationary pressure due to the severe fallouts of Covid-19 and Russia-Ukraine war.
BGMEA wants stronger ties with US firm VF Corporation
VF Corporation's top official meets BGMEA president
Single month RMG export hits historic high
It hit $4.97 billion in January, posting a 12.45% year-on-year rise
Garment exports to US double in five years
Overall apparel shipment rose 3.67% to $47.39 billion in 2023
Bangladesh retains second position in RMG export to EU
Bangladesh retained second position in apparel shipments to the European Union (EU) in the first two months of the current year with a 22.75 per cent share of the trade bloc’s overall garment imports, according to data from EUROSTAT.
Take action to stop RMG cargo theft
Such incidents are becoming a serious problem for apparel exporters
RMG export to Russia drops sharply
Even a year ago before the start of the Russia-Ukraine war, Rajiv Chowdhury, managing director of Young4ever Textiles, used to ship T-shirts and polo shirts worth $1 million to Russia as the market was opening up for local exporters.
Talk of banning textile waste raises key questions for Bangladesh
In theory, this sounds like a good idea, but it is not so straightforward.
'RMG exporters struggling to deliver goods on time for load-shedding'
Garment suppliers in Bangladesh are facing difficulties in delivering goods to international clothing retailers and brands on time due to extreme load-shedding, BGMEA President Faruque Hassan said today.
Target $100b export by 2030: BGMEA focuses on Asia, non-cotton items
Bangladesh’s garment manufacturers are pinning their hopes on the burgeoning Asian markets and the growing use of non-cotton apparel items to elevate their export earnings to $100 billion by 2030.
Bangladesh well-placed to ride out recession
Recessions don’t happen overnight, and people don’t stop spending from one day to the next.
Don't let fuel shortage undo RMG success
In recent months, global energy prices have soared, and ready-made garment (RMG) makers in Bangladesh have been feeling its impacts these past few weeks.
Transported via Padma Bridge, garment consignment ships out of Mongla Port
Marking new possibilities, a garment consignment has left Mongla Port. A Panamanian-flagged ship named "Maersk Nesna" left Mongla Port for Poland at 11:30 am today (July 28, 2022).
RMG exports to Russia on decline
The ongoing Russia-Ukraine war has started to have a heavy impact on garment shipments to Russia as export earnings are declining significantly from this promising market for Bangladeshi apparel goods.