RMG Export
Why RMG exporters chose Maldives shipping route
Bypassing the traditional air shipment routes through India or Bangladesh, garment exporters have found the Maldives to be a cheaper as well as faster route.
Garment exporters prefer cheaper Maldives, bypassing Dhaka, Indian airports
Exporters say the traditional air shipment routes through Dhaka, Kolkata, Colombo or Singapore had either become too expensive or too slow
Bangladesh skips India, reroutes global textile exports through Maldives
Bangladesh, the world’s second-largest garment producer, has opted to bypass India and ship its textiles to global markets through the Maldives, hurting the cargo revenue prospects of India’s airports and ports amid strained bilateral ties, reports Mint.
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.
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 leaps to top position in RMG export to EU in volume
Bangladesh secured the top position in garment shipments to the European Union during the January-March period, overtaking China in terms of quantity, as retailers in the trade bloc have started diversifying their sources to reduce overdependence.
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.