Trade Data – Apparel Resources

India’s textile exports see recovery amid demand from European markets

Apparel Resources News-Desk — Sat, 23 Nov 2024 06:43:39 +0000

Data from the Ministry of Commerce and Industry indicates that Indian textile exports are beginning to revive in FY ’25, with demand from European markets significantly contributing to the increase in numbers. Exports to Europe totalled US $ 5.66 billion from April to October, up 6.39 per cent from US $ 5.32 billion during the […]

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UK urges Bangladesh to diversify export basket for stronger economic ties

Apparel Resources News-Desk — Fri, 22 Nov 2024 12:23:35 +0000

A recent study commissioned by HSBC has highlighted the need for Bangladesh to diversify its export base beyond ready-made garments (RMG) to strengthen economic relations with the UK. Conducted by Ernst & Young LLP Bangladesh and Quay Asia, the report emphasises the potential for increased exports of pharmaceuticals, leather goods, jute products, and agro-processed goods. […]

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Apex Tannery to re-enter agreements with exporters for finished leather sales

Apparel Resources News-Desk — Fri, 22 Nov 2024 11:57:49 +0000

Apex Tannery Limited, a prominent name in Bangladesh’s leather processing and finishing sector, has announced plans to re-establish partnerships with three footwear exporters to sell its finished leather products. The company anticipates annual sales of approximately Taka 16 crore from these agreements, as detailed in a recent disclosure. The company plans to collaborate with FB […]

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Chittagong Port operations improve as congestion eases

Apparel Resources News-Desk — Fri, 22 Nov 2024 11:50:17 +0000

Operations at Chittagong Port are experiencing enhanced efficiency as congestion issues that plagued the facility in July and August begin to recede. Container ships have significantly reduced their berth waiting times, dropping from a worrying six to eight days in August to under two days in October. During the peak of the congestion, vessels faced […]

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Moody’s downgrades Bangladesh’s ratings to B2

Apparel Resources News-Desk — Thu, 21 Nov 2024 12:33:16 +0000

In a recent announcement, Moody’s Investors Service downgraded Bangladesh’s long-term credit ratings from B1 to B2, while also changing the country’s outlook from ‘stable’ to ‘negative.’ This decision underscores significant concerns regarding political risks and a slowdown in economic growth, which in turn heightens the Government’s liquidity risks and exposes external vulnerabilities. According to Moody’s, […]

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Bangladesh to focus on single Economic Zone

Apparel Resources News-Desk — Thu, 21 Nov 2024 12:26:21 +0000

In a strategic shift, Bangladesh has decided to concentrate its efforts on developing a single, exemplary economic zone instead of pursuing the establishment of 100 smaller zones. Ashik Chowdhury, executive chairman of the Bangladesh Economic Zones Authority (Beza), made this announcement during a workshop on environmental and social impact assessments for the National Special Economic […]

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BTMA delegation meets with BGB Director General

Apparel Resources News-Desk — Thu, 21 Nov 2024 12:20:39 +0000

A delegation from the Bangladesh Textile Mills Association (BTMA) held a crucial meeting with the Director General of the Border Guard Bangladesh (BGB) at the BGB Headquarters. During the discussions, BTMA leaders voiced serious concerns regarding the smuggling of substantial quantities of textile products and yarn into Bangladesh from neighboring countries. They highlighted the use […]

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Mahmud Hasan Khan to lead Forum Panel in upcoming BGMEA election

Apparel Resources News-Desk — Thu, 21 Nov 2024 12:09:25 +0000

The Forum, a prominent alliance focused on the upcoming Bangladesh Garment Manufacturers and Exporters Association (BGMEA) elections, has officially named Mahmud Hasan Khan Babu as its panel leader. Babu, who serves as the managing director of Rising Fashions, was introduced to industry stakeholders at an event held in Dhaka on Wednesday. Bringing extensive experience to […]

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Indonesia, Thailand raise concerns on India’s QCOs on textiles, leather

Apparel Resources News-Desk — Thu, 21 Nov 2024 07:09:01 +0000

At the World Trade Organisation (WTO), Indonesia and Thailand have questioned India’s quality control orders (QCO) on a range of goods, such as footwear, medical textiles and viscose staple fibre. These concerns were raised during Wednesday’s WTO market access meeting. Canada, Japan, the United Kingdom and the European Union expressed reservations about India’s QCOs last […]

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Bangladesh’s RMG exports to EU experience rise in September

Apparel Resources News-Desk — Wed, 20 Nov 2024 15:00:06 +0000

Exports of ready-made garments (RMGs) from Bangladesh to the European Union (EU) increased significantly in September 2024, increasing 6.9 per cent year over year to US $ 1.62 billion from US $ 1.51 billion the year before. The knitwear industry was the main driver of the growth, whilst woven clothing saw more moderate increases. Despite […]

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Bangladesh’s RMG sector faces dilemma amid price declines and labour compliance demands

Apparel Resources News-Desk — Wed, 20 Nov 2024 13:40:08 +0000

Bangladeshi ready-made garment (RMG) manufacturers are grappling with a daunting paradox; international buyers are pressing for stricter labour rights compliance, including wage increases and better working conditions, while simultaneously offering lower prices for goods. This growing contradiction is exerting considerable pressure on the industry, sparking concerns over its sustainability and long-term viability. Exporters have raised […]

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Chittagong Port reports 9 per cent growth in container handling over last three months

Apparel Resources News-Desk — Wed, 20 Nov 2024 08:35:28 +0000

Container handling at Chittagong Port soared by 9 per cent over the past three months, with a total of 830,582 containers processed from August to October, according to Chittagong Port Authority (CPA) Chairman Rear Admiral SM Moniruzzaman. Speaking at a media briefing, Moniruzzaman expressed optimism that, if the current trend continues, container handling could surpass […]

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Declining prices for Bangladeshi garments raise sustainability issues

Apparel Resources News-Desk — Tue, 19 Nov 2024 12:47:10 +0000

A worrying trend in the most recent data from the US and the EU is the sharp drop in prices paid for imports of Bangladeshi clothing. The sustainability of the apparel sector may be threatened by this downward pricing change, according to data from January to August 2024 for the EU and January to September […]

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BGMEA administrator, C&A Sourcing head discuss future of Bangladesh’s RMG industry

Apparel Resources News-Desk — Tue, 19 Nov 2024 12:01:40 +0000

Anwar Hossain, the administrator of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), met with Alexandre Saus-Salas, the head of sourcing at C&A, on Monday at the BGMEA office in Uttara. Global market trends, prospective business expansion prospects, and the state of the ready-made garment (RMG) industry in Bangladesh were the main topics of discussion. […]

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BIDA launches FDI heatmap initiative to boost foreign investments in Bangladesh

Apparel Resources News-Desk — Tue, 19 Nov 2024 12:00:26 +0000

Through the creation of an extensive FDI heatmap, the Bangladesh Investment Development Authority (BIDA) is actively working to establish the nation as a top location for FDI. This project, which is being carried out in partnership with a number of international and regional stakeholders, is to strategically identify industries that are competitive, identify priority nations […]

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Textile giants showcase resilience amidst economic challenges

Apparel Resources News-Desk — Mon, 18 Nov 2024 13:33:51 +0000

Leading textile firms have shown perseverance in the face of economic uncertainty, labour unrest, and political turbulence by announcing year-over-year sales growth for the September quarter of the fiscal year 2024-25. The industry as a whole, however, performed inconsistently, with several mills seeing drops in revenue during that time. “The devaluation of the local currency […]

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Bangladesh’s leather footwear exports reach 5-year high in July-October

Apparel Resources News-Desk — Mon, 18 Nov 2024 13:21:57 +0000

Exports of leather footwear from Bangladesh have increased significantly, reaching a five-year high from July to October of this fiscal year. According to data from the Export Promotion Bureau (EPB), export revenues increased by 9 per cent to US $ 228.47 million from US $ 182.11 million in the same period last year. Bangladeshi exporters […]

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Hossain Mehmood of Anwar Group joins BTMA board of directors

Apparel Resources News-Desk — Mon, 18 Nov 2024 13:02:30 +0000

The managing director of Hossain Dyeing & Printing Mills Ltd. (Unit-2) and vice chairman of the Anwar Group, Hossain Mehmood, has been added to the board of directors of the Bangladesh Textile Mills Association (BTMA). This esteemed position highlights Mehmood’s broad knowledge of the textile industry and the Anwar Group’s significant contributions to it. Anwar […]

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Tareq Rafi Bhuiyan elected president of JBCCI for 2024-2026 term

Apparel Resources News-Desk — Mon, 18 Nov 2024 08:40:24 +0000

The 16-member Board of Directors for the 2024–2026 term of the Japan–Bangladesh Chamber of Commerce and Industry (JBCCI) has been elected, and Tareq Rafi Bhuiyan (Jun) will serve as its president. Tareq is the managing director of New Vision Solutions Limited and was the secretary general for three terms in a row. The chamber’s first […]

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First direct vessel from Karachi brings industrial raw materials, including those for RMG

Apparel Resources News-Desk — Mon, 18 Nov 2024 08:35:22 +0000

An important milestone for Bangladesh’s Ready-Made Garments (RMG) sector has been reached when a ship from Karachi, Pakistan, arrived at Chittagong port directly. On 11th November, the Panama-flagged vessel “Yuan Xiang Fa Zhan” docked at the port and unloaded 6,337 tonnes of consumer items and industrial raw materials, including essential textiles and fabric components. Due […]

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