Bangladesh's Clothing Exports May Fall In Fiscal Year 2012

In the current financial year ending June 2012, Bangladesh's ready-made clothes clothing Exports may decline at a slower pace, as Europe's debt crisis intensifies. Similarly, the export volume of woven garments reached US $2 billion 230 million in 7-9, an increase of 24.82% over the same period last year, which is 1.12% lower than that set in the same period.

In fiscal year 2010-11, Bangladesh's clothing and clothing exports amounted to 17 billion 900 million. dollar An increase of 43% over the same period last year.

Europe's debt crisis will have a negative impact on Bangladesh. Ready-made clothes Garment exports may decline again in the next few months.

Mustafizur Rahman, executive director of Bangladesh policy dialogue Center (CPO), said: "Europe is our main export area, where the form affects our exports, especially knitwear. Last year, our clothing exports grew by more than 40%. Therefore, it is very difficult to achieve more than 40% growth rate this year. In addition, the price of cotton and yarn has dropped by more than 50% compared with that of last year, which has led to a decline in the prices of fabrics and retail terminal garments. Therefore, the growth rate will be reduced in US dollars, but the volume of exports will not drop. "