[🇧🇩] Bangladesh Export Industries
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HATIL is a prominent furniture manufacturer and global brand hailing from Bangladesh. Their commitment spans sustainable production and corporate social obligations. This truth becomes evident upon delving into HATIL's manufacturing procedures, which diligently address waste management, recycling, and the judicious employment of resources. Today we'll shed light on HATIL's journey toward securing Sustainability and fulfilling Corporate Social Responsibilities.
businessinspection.com.bd
Environmentally Friendly Factory of Hatil: Sustainability & Social Responsibilities Of HATIL - Business Inspection BD
HATIL, a leading furniture manufacturer in Bangladesh and a global brand recognizes that being an industry leader goes beyond product sales. They prioritize sustainability and corporate social responsibility in addition to their offerings.
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Export earnings drop in April
A file photo shows containers being arranged with a crane at the Kamalapur Inland Container Depot in the capital Dhaka. Bangladesh's export earnings in April 2024 decreased slightly year-on-year compared with the same month of 2023 while the earnings in 10 months (July-April) of the current financial year 2023-24 grew by 3.93 per cent. | — New Age photo
Bangladesh's export earnings in April 2024 decreased slightly year-on-year compared with the same month of 2023 while the earnings in 10 months (July-April) of the current financial year 2023-24 grew by 3.93 per cent.
Exporters said that the shipment of apparel decreased in April due to various reasons, including Red Sea crisis, increasing cost of utilities and Eid-ul-Fitr holidays.
The country's export earnings in April declined by 0.99 per cent to $3.91 billion year-on-year compared with those of $3.95 billion in the same month of 2023, according to the Export Promotion Bureau data released on Thursday.
The EPB data showed that Bangladesh's export earnings in July-April of FY24 increased to $47.47 billion compared with those of $45.67 billion in the same period of FY23.
Export earnings from readymade garment in the 10 months of FY24 stood at $40.49 billion, which is 4.97 per cent higher than the earnings of $38.57 billion in FY23.
Export earnings from woven garments in July-April of FY24 failed to make any growth and the subsector fetched $17.61 billon which was same with the earnings in the same period of FY23.
Export earnings from knitwear in the 10 months of FY24, however, grew by 9.11 per cent to $22.88 billion compared with those of $20.96 billion in the same period of FY23.
The export growth of woven garments remained stagnant for past few months as the Red Sea crisis increased lead-time for Bangladesh by at least 15 days and buyers were shifting some orders to other manufact6uring countries, including China, Bangladesh Garment Manufacturers and Exporters association vice-president Abdullah Hil Rakib told New Age on Thursday.
He said that earnings growth from knitwear remained in positive territory as the subsector could manage lead-time due to using local raw materials.
Moreover, the increased cost of utilities increased production cost and many manufacturers failed to entertain some orders at the rate offered by the buyers, Rakib said.
He also said that in April production remained suspended in the factories more than one week due to the Eid holidays, which lowered shipment in the month.
The EPB data showed that export earnings from home textiles in July-April of FY24 fell by 25.32 per cent to $702.56 million compared with $940.8 million in the same period of FY23.
Earnings from leather and leather goods in the 10 months of FY24 fell by 13.32 per cent to $872.45 million compared with those of $1.00 billion in the corre sponding period of FY23.
Earnings from leather-footwear exports in July-April of FY24 declined by 25.80 per cent to $430.68 million compared with those of $580.40 million while the other leather products fetched $328.24 million with a 1.63-per cent growth in the period.
Export earnings from jute and jute goods in the 10 months of FY24 fell by 7.05 per cent to $716.44 million compared with those of $770.82 million in the same period of FY23.
Export earnings from agricultural products in the period, however, increased by 6.12 per cent to $774.49 million compared with those of $741.35 million.
Export earnings from frozen and live fish decreased by 13.34 per cent to $321.93 million and the earnings from shrimp exports fell by 20.48 per cent to $212.29 million in the 10 months of FY24.
Export earnings from engineering products in July-April of FY24 declined by 0.4 per cent to $436.35 million compared with those of $438.11 million in the same period of the previous financial year.
A file photo shows containers being arranged with a crane at the Kamalapur Inland Container Depot in the capital Dhaka. Bangladesh's export earnings in April 2024 decreased slightly year-on-year compared with the same month of 2023 while the earnings in 10 months (July-April) of the current financial year 2023-24 grew by 3.93 per cent. | — New Age photo
Bangladesh's export earnings in April 2024 decreased slightly year-on-year compared with the same month of 2023 while the earnings in 10 months (July-April) of the current financial year 2023-24 grew by 3.93 per cent.
Exporters said that the shipment of apparel decreased in April due to various reasons, including Red Sea crisis, increasing cost of utilities and Eid-ul-Fitr holidays.
The country's export earnings in April declined by 0.99 per cent to $3.91 billion year-on-year compared with those of $3.95 billion in the same month of 2023, according to the Export Promotion Bureau data released on Thursday.
The EPB data showed that Bangladesh's export earnings in July-April of FY24 increased to $47.47 billion compared with those of $45.67 billion in the same period of FY23.
Export earnings from readymade garment in the 10 months of FY24 stood at $40.49 billion, which is 4.97 per cent higher than the earnings of $38.57 billion in FY23.
Export earnings from woven garments in July-April of FY24 failed to make any growth and the subsector fetched $17.61 billon which was same with the earnings in the same period of FY23.
Export earnings from knitwear in the 10 months of FY24, however, grew by 9.11 per cent to $22.88 billion compared with those of $20.96 billion in the same period of FY23.
The export growth of woven garments remained stagnant for past few months as the Red Sea crisis increased lead-time for Bangladesh by at least 15 days and buyers were shifting some orders to other manufact6uring countries, including China, Bangladesh Garment Manufacturers and Exporters association vice-president Abdullah Hil Rakib told New Age on Thursday.
He said that earnings growth from knitwear remained in positive territory as the subsector could manage lead-time due to using local raw materials.
Moreover, the increased cost of utilities increased production cost and many manufacturers failed to entertain some orders at the rate offered by the buyers, Rakib said.
He also said that in April production remained suspended in the factories more than one week due to the Eid holidays, which lowered shipment in the month.
The EPB data showed that export earnings from home textiles in July-April of FY24 fell by 25.32 per cent to $702.56 million compared with $940.8 million in the same period of FY23.
Earnings from leather and leather goods in the 10 months of FY24 fell by 13.32 per cent to $872.45 million compared with those of $1.00 billion in the corre sponding period of FY23.
Earnings from leather-footwear exports in July-April of FY24 declined by 25.80 per cent to $430.68 million compared with those of $580.40 million while the other leather products fetched $328.24 million with a 1.63-per cent growth in the period.
Export earnings from jute and jute goods in the 10 months of FY24 fell by 7.05 per cent to $716.44 million compared with those of $770.82 million in the same period of FY23.
Export earnings from agricultural products in the period, however, increased by 6.12 per cent to $774.49 million compared with those of $741.35 million.
Export earnings from frozen and live fish decreased by 13.34 per cent to $321.93 million and the earnings from shrimp exports fell by 20.48 per cent to $212.29 million in the 10 months of FY24.
Export earnings from engineering products in July-April of FY24 declined by 0.4 per cent to $436.35 million compared with those of $438.11 million in the same period of the previous financial year.
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With friends like these - who needs enemies...
New Delhi: Citing severe congestion at Delhi airport because of which airlines have started charging three times the normal tariff, Indian garment exporters have asked the central government to stop allowing transshipment of Bangladeshi goods to third countries via Delhi.
The congestion at the Delhi airport is due to the Red Sea crisis, which has forced companies to use air routes for export of goods.
While New Delhi and Dhaka have, over the past two years, taken collaborative steps in terms of transit and transshipment of goods, India has also been pushing its domestic textile sector to achieve a $100 billion export target by 2030 and compete with other garment giants in Asia, such as Bangladesh, Vietnam and China.
Meanwhile, Bangladesh has grown into a garment powerhouse, manufacturing for major clothing brands like H&M, Zara, Tommy Hilfiger, Gap, Calvin Klein and Hugo Boss — giving stiff competition to their counterparts in India.
Apparel Export Promotion Council (AEPC), India's official body of apparel exporters, Thursday requested the Central Board Of Indirect Taxes and Customs (CBIC) to roll back its circular dated 7 February that allowed transshipment of Bangladesh export cargo to third countries through Delhi Air Cargo complex. Previously, these goods were allowed only through Kolkata airport.
" It's unlikely the circular will be reversed because it could be seen not only as protectionist measure but also contrary to providing reciprocal trade facilitation as agreed by the leaders of the two countries in the 2022 joint statement," Mustafizur Rahman, a Distinguished Fellow at the Centre for Policy Dialogue (CPD), a Dhaka-based think tank, told ThePrint.
(Edited by Richa Mishra)
New Delhi: Citing severe congestion at Delhi airport because of which airlines have started charging three times the normal tariff, Indian garment exporters have asked the central government to stop allowing transshipment of Bangladeshi goods to third countries via Delhi.
The congestion at the Delhi airport is due to the Red Sea crisis, which has forced companies to use air routes for export of goods.
While New Delhi and Dhaka have, over the past two years, taken collaborative steps in terms of transit and transshipment of goods, India has also been pushing its domestic textile sector to achieve a $100 billion export target by 2030 and compete with other garment giants in Asia, such as Bangladesh, Vietnam and China.
Meanwhile, Bangladesh has grown into a garment powerhouse, manufacturing for major clothing brands like H&M, Zara, Tommy Hilfiger, Gap, Calvin Klein and Hugo Boss — giving stiff competition to their counterparts in India.
Apparel Export Promotion Council (AEPC), India's official body of apparel exporters, Thursday requested the Central Board Of Indirect Taxes and Customs (CBIC) to roll back its circular dated 7 February that allowed transshipment of Bangladesh export cargo to third countries through Delhi Air Cargo complex. Previously, these goods were allowed only through Kolkata airport.
" It's unlikely the circular will be reversed because it could be seen not only as protectionist measure but also contrary to providing reciprocal trade facilitation as agreed by the leaders of the two countries in the 2022 joint statement," Mustafizur Rahman, a Distinguished Fellow at the Centre for Policy Dialogue (CPD), a Dhaka-based think tank, told ThePrint.
(Edited by Richa Mishra)
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Export trends and dynamics in BD
MOHAMMAD ABDUR RAZZAQUE, BARUN KUMAR DEY AND RABIUL ISLAM RABI
Published :
May 28, 2024 21:52
Updated :
May 29, 2024 21:50
Despite the success in garments exports, the overall export size in Bangladesh remains modest and is characterized by a staggering concentration. Among the Least Developed Countries (LDCs), Bangladesh is often regarded as an example of export-led growth and development. Over the past two decades, merchandise exports in Bangladesh grew from just $6.5 billion in 2003 to $55.0 billion in 2023. This was mainly spearheaded by the apparel sector, which grew during the same period from just less than $5 billion to $47 billion.
However, when compared to countries outside the LDC group, export volume (both including and excluding services) in Bangladesh appears modest. Most Southeast Asian countries have demonstrated stronger export performance. Considering Bangladesh's large population of 170 million, its current merchandise export volume of $55 billion is relatively small compared to other nations with similar population sizes. For instance, Viet Nam, with a population of 91 million, boasts a comparable export volume of over $360 billion; Indonesia, with 218 million people, exports $240 billion; and Thailand, with a population of 72 million, earns around $323 billion from exports. In addition, Southeast Asian countries with smaller population sizes like Malaysia and Singapore have equally achieved remarkable success as exporting nations.
Since the emergence of RMG in Bangladesh's export sector in the 1980s, its relative importance has consistently increased, resulting in a reduction of the share of erstwhile traditional exports (such as raw jute and jute goods, tea, leather, frozen fish) from over three-quarters to approximately 10 per cent.
To read the rest of the news, please click on the link above.
MOHAMMAD ABDUR RAZZAQUE, BARUN KUMAR DEY AND RABIUL ISLAM RABI
Published :
May 28, 2024 21:52
Updated :
May 29, 2024 21:50
Despite the success in garments exports, the overall export size in Bangladesh remains modest and is characterized by a staggering concentration. Among the Least Developed Countries (LDCs), Bangladesh is often regarded as an example of export-led growth and development. Over the past two decades, merchandise exports in Bangladesh grew from just $6.5 billion in 2003 to $55.0 billion in 2023. This was mainly spearheaded by the apparel sector, which grew during the same period from just less than $5 billion to $47 billion.
However, when compared to countries outside the LDC group, export volume (both including and excluding services) in Bangladesh appears modest. Most Southeast Asian countries have demonstrated stronger export performance. Considering Bangladesh's large population of 170 million, its current merchandise export volume of $55 billion is relatively small compared to other nations with similar population sizes. For instance, Viet Nam, with a population of 91 million, boasts a comparable export volume of over $360 billion; Indonesia, with 218 million people, exports $240 billion; and Thailand, with a population of 72 million, earns around $323 billion from exports. In addition, Southeast Asian countries with smaller population sizes like Malaysia and Singapore have equally achieved remarkable success as exporting nations.
Since the emergence of RMG in Bangladesh's export sector in the 1980s, its relative importance has consistently increased, resulting in a reduction of the share of erstwhile traditional exports (such as raw jute and jute goods, tea, leather, frozen fish) from over three-quarters to approximately 10 per cent.
To read the rest of the news, please click on the link above.
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Buyers want to shift production of Technical Textiles and Apparel from China to Bangladesh
April 29, 2024
TechTextile & TexProcess 2024, the international trade fair for technical textiles and textile processing , kicks off on April 23 in Frankfurt , Germany . The exhibition ended on April 26 . The representatives of the foreign buyers who gathered at the stalls of the participating companies in Bangladesh said that they want to bring the production of technical or technical clothes from China to Bangladesh, albeit slowly . Because the cost of production in China is increasing.
Teams Manufacturing Company , Akiz Jute Mills , Smee Apparels , M & A Sourcing Bangladesh and Nexgen Apparel participated in the four-day exhibition as co-exhibitors of Export Promotion Bureau ( EPB ) .
On the third day of the exhibition on April 25 , representatives of clothing marketing organizations in Europe including Turkey and the United Kingdom came to the Bangladesh Pavilion . The stakeholders in stalls in Bangladesh Pavilion said that Bangladesh 's steps in the production of technical textiles and clothing are at an early stage but interest and technical capability implementation are both developing rapidly.
Bugrahan Turgut, sales and marketing officer of Navistanbul Textile and Promotion , who came to the exhibition , told Merchant News , "Until now , we produce all products in Turkey and China . In China we manufacture workwear , uniforms , fashion products and promotional textiles . We want to start production in Bangladesh . "
Among the products displayed by Bangladeshi companies at the exhibition were coats apparel , professional and protective clothing , active wear , jute yarn , jute bags and other products , men's and ladies' long and short pants , workwear / uniform , oven and knitwear and lingerie .
China is currently the best producer of technical garments . Next is Vietnam .
A basic t - shirt made for $ 1.50 or $ 2 makes a profit of 2-3 cents at the end of the day . But if one can make technical clothes , there is more than 10 percent profit . During the three days of this exhibition , discussions were held with more than thirty buyers about existing and upcoming products and purchase orders .
Garment exporters said that the main materials for making rain & waterproof clothing and fireproof clothing are fabrics or fabrics produced with special technology. Bangladesh's capacity to produce such textiles and clothing is currently negligible but has high interest from buyers and factory owners.
The concerned industrialists want to increase this capacity gradually . For this purpose, they are also participating in international exhibitions on technical technical textiles and textile processing .
April 29, 2024
TechTextile & TexProcess 2024, the international trade fair for technical textiles and textile processing , kicks off on April 23 in Frankfurt , Germany . The exhibition ended on April 26 . The representatives of the foreign buyers who gathered at the stalls of the participating companies in Bangladesh said that they want to bring the production of technical or technical clothes from China to Bangladesh, albeit slowly . Because the cost of production in China is increasing.
Teams Manufacturing Company , Akiz Jute Mills , Smee Apparels , M & A Sourcing Bangladesh and Nexgen Apparel participated in the four-day exhibition as co-exhibitors of Export Promotion Bureau ( EPB ) .
On the third day of the exhibition on April 25 , representatives of clothing marketing organizations in Europe including Turkey and the United Kingdom came to the Bangladesh Pavilion . The stakeholders in stalls in Bangladesh Pavilion said that Bangladesh 's steps in the production of technical textiles and clothing are at an early stage but interest and technical capability implementation are both developing rapidly.
Bugrahan Turgut, sales and marketing officer of Navistanbul Textile and Promotion , who came to the exhibition , told Merchant News , "Until now , we produce all products in Turkey and China . In China we manufacture workwear , uniforms , fashion products and promotional textiles . We want to start production in Bangladesh . "
Among the products displayed by Bangladeshi companies at the exhibition were coats apparel , professional and protective clothing , active wear , jute yarn , jute bags and other products , men's and ladies' long and short pants , workwear / uniform , oven and knitwear and lingerie .
China is currently the best producer of technical garments . Next is Vietnam .
A basic t - shirt made for $ 1.50 or $ 2 makes a profit of 2-3 cents at the end of the day . But if one can make technical clothes , there is more than 10 percent profit . During the three days of this exhibition , discussions were held with more than thirty buyers about existing and upcoming products and purchase orders .
Garment exporters said that the main materials for making rain & waterproof clothing and fireproof clothing are fabrics or fabrics produced with special technology. Bangladesh's capacity to produce such textiles and clothing is currently negligible but has high interest from buyers and factory owners.
The concerned industrialists want to increase this capacity gradually . For this purpose, they are also participating in international exhibitions on technical technical textiles and textile processing .
