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Bangladesh exports home textiles worth $1.3 bn in Jul-Apr 2022

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Bangladesh exporters fetched $1.3 billion from transport dwelling textiles within the July-April interval of this fiscal, posting 39 per cent year-on-year (YoY) development. Receipts from shipments of dwelling textile gadgets like mattress sheets, curtains and cushion covers have been increased than export receipts from agricultural merchandise in addition to leather-based and leather-based items in the course of the interval.

House textile exports have been 28 per cent increased than its nearest peer, agricultural merchandise. Jute and jute items, which topped the export basket because the second largest incomes supply in fiscal 2020-21, fell to the fifth place within the face of falling demand for jute yarn, twine, sacks and luggage, in response to the Export Promotion Bureau (EPB).

Bangladesh exporters fetched $1.3 billion from transport dwelling textiles within the July-April interval of this fiscal, posting 39 per cent year-on-year development. Receipts from shipments of dwelling textile gadgets like mattress sheets, curtains and cushion covers have been increased than export receipts from agricultural merchandise in addition to leather-based and leather-based items in the course of the interval.

“We’ve got been registering rising demand for dwelling textiles from the final fiscal yr as folks stayed dwelling as part of coronavirus containment measures,” Shahidullah Chowdhury, govt director of Noman Group, the principle exporter of dwelling textiles, was quoted as saying by a Bangladesh newspaper report. It exports $27 million value of dwelling textiles every month.

“Our principal markets are Europe, Canada, the UK and Japan. Nevertheless, our exports are rising in new markets equivalent to Australia,” he added.

The sector first crossed the $1 billion mark in fiscal 2020-21, because of a 49 per cent YoY hike in export earnings, pushed primarily by increased prices and costs of uncooked cotton and different supplies.

EPB knowledge exhibits export earnings have been solely 3 per cent of the full receipts of $38.75 billion for that yr with clothes accounting for 81 per cent.

Political uncertainty in Pakistan has additionally discouraged patrons from inserting orders there, and due to this fact, the elevated order circulate is more likely to proceed.

Fibre2Fashion Information Desk (DS)



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