Bangladesh Garment Industry Suffered Serious Blow

(Bangladesh Garment Manufacturers and Exporters Association, BGMEA) recently announced that the recent national road closure (Bangladesh) protests by the largest opposition party in Dhaka (Bangladesh National Party) made the whole Meng garment industry lose about 4 billion 500 million of Dhaka in 12 days ($1 to 77).

Many garment factories, in order to get the goods on time, have to use air pportation to avoid buyers' claims.

In 2013, because of Bangladesh's domestic political unrest, more than 50 billion of Dhaka's air freight was charged. Due to the delay in delivery, international buyers demanded a discount of 90 billion Dhaka.

at present

The garment industry has a daily output value of 4 billion 300 million Dhaka, with an annual output value of nearly US $25 billion.

However, since 2013, the performance has been constantly disturbed by political situation and several times.

Gong An disaster has not yet fully recovered.

BGMEA said that the garment industry in Bangladesh can no longer bear any negative impact, and appealed to the two parties in Bangladesh to sit down and talk quietly, not to take the garment industry as a hostage in the political struggle to kidnap, thereby affecting the national economic development.

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According to statistics from the General Statistics Office of Vietnam, Vietnam imported about $14 billion in December 2014, an increase of 9.4% over November and 15.5% over the same month last year.

The total value of Vietnam's imports in 2014 amounted to US $148 billion, up 12.1% from last year. The amount of imports by Vietnamese enterprises was about US $63 billion 500 million, growing by 10.2%, and foreign enterprises' imports amounted to US $84 billion 500 million, an increase of 13.6%.

In 2014, some import products increased higher than last year, including imports of other machinery and equipment and parts, 22 billion 500 million US dollars, an increase of 20.2%, cloth imports of US $9 billion 500 million, growth of 14%, oil imports of US $7 billion 600 million, growth of 9.3%, plastic imports of US $6 billion 300 million, growth of 10.9%, imports of textile garments and footwear raw materials $4 billion 700 million, growth 25.6%, imports of chemicals 3 billion 300 million dollars, growth of 3 billion 300 million, cotton imports into dollars and growth.

Electronic products, computers and parts imported 18 billion 800 million dollars, grew 6%, telephone and parts imported 8 billion 600 million dollars, grew 6.7%, automobile imports 3 billion 700 million dollars, grew 53.1%, of which the vehicle import 1 billion 600 million dollars, growth 117.3%.

The main import market is China, with a total import value of US $43 billion 700 million, up 18.2% from last year. Some of these imports increased from 2013, including 19.7% growth of other mechanical equipment and parts, 9.5% of telephone and parts imports, and 20.7% growth of fabrics.

Followed by the East Treaty of 23 billion 100 million dollars, growing 8.2%, of which oil grew 21.3%, other machinery and equipment and parts grew 13.7%, wood and wood products grew by 57.7%, South Korea imported about 21 billion 700 million dollars, and grew 4.9%, among which other machinery and equipment and parts grew 9.5%, and cloth grew into 6.9%; Japan was about 12 billion 700 million dollars, growing 9.4%; the European Union was about US dollars, reducing the number of products.

As the import volume decreased by 708 million US dollars in November 2014, the surplus was 438 million US dollars in November.

The surplus is expected to be about US $2 billion in 2014, of which the foreign capital surplus is US $17 billion, and the surplus enterprise deficit is US $15 billion.