Bangladesh Knitwear Exports Exceed Woven Products Exports
In the past 20 years, Bangladesh is a rising star in the global garment market, and the knitting industry is growing at a high speed. At present, knitted garments are exported to 90 countries all over the world.
The knitting industry in Bangladesh has already surpassed the weaving industry. The main reason is that Bangladesh has a good late driving capability. 90% of the fabric required by the knitting industry is produced by domestic enterprises.
On the contrary, woven enterprises rely mainly on imports. 2007/08 export data fully prove that the knitting industry is growing at a high speed.
The overall market growth of Bangladesh garment industry reached 20% year-on-year. The knitting industry has gone through an unprecedented expansion stage.
Editor in chief: Xu Qiyun
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