Saturday, November 9, 2024
spot_img
spot_imgspot_img
HomeNews & ViewsTextile & ApparelExport of Bangladesh Home Textiles grows in fiscal 2017-18

Export of Bangladesh Home Textiles grows in fiscal 2017-18

bangladesh-home-textileBangladesh is an emerging market for Home Textiles. According to data from the Export Promotion Bureau, Bangladesh’s export of home textiles, in fiscal 2017-18 including those of terry towels, bedsheets, linen, curtains and pillow covers, grew by 9.95 percent year-on-year to reach $878.68 million. However, the export of terry towel declined by 4.40 percent year-on-year to $42.35 million last fiscal year. The sector’s growth declined from January 2014, when the European Union (EU) allowed zero-duty benefit to Pakistan under it GSP Plus scheme, on export of home textiles and some other products.

According to the European apparel and textile confederation, Euratex, the EU imported over $6.86 billion-worth home textiles in 2016. Of it, China accounted for 33 percent, Pakistan 25 percent, Turkey 16 percent and India 11 percent. Bangladesh’s share was 7-8 percent. The EU’s data shows that its preferential import of textiles and clothing from Pakistan increased by 82 per cent year-on-year in 2014. Bangladesh previously enjoyed 9.6 percent duty privilege over Pakistan as a least developed country in the EU, its main export destination.

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

spot_img

Upcoming Events

 

Simillar News

Recent Random

Our industry should now focus more on how we can add greater value

Pacific Jeans Ltd., founded in 1984, is a leading denim manufacturer based in Bangladesh, recognized globally for its high-quality jeans production. Known for its...

5th Academia-Industry-Nexus Session on Job Matching organized by Reed Consultancy & HELD, GIZ

5th Academia-Industry-Nexus Session on Job Matching organized by Reed Consultancy & HELD, GIZ After the registration process was completed, the session started with opening remarks...

CHT Group honored by adidas as a leader in Sustainability for the second time in a row

Dr. Annegret Vester, Chief Sustainability Officer, stated: "We are delighted that adidas has recognized the CHT Group as a leader in promoting sustainable chemistry...