China is the largest apparel exporter worldwide, is becoming a major destination for Bangladeshi garment items due to duty benefits offered by the Asian economic giant and a rising middle-class there.
After Japan, China is the second largest Asian apparel market for Bangladesh. According to the Export Promotion Bureau Garment exports to China accelerated 73.48 percent year-on-year to $241.37 million in fiscal 2013-14. The earnings were $136.5 million in July-December this fiscal year, with 24 percent growth year-on-year.
“Our garment exports to China will cross $1 billion in three to four years,” said Syed Sadek Ahmed, managing director to Space Sweater.
He explained that, due to rising production cost, Chinese businesses are moving away from producing low-end garments, which has created an opportunity for Bangladesh.
Without garments, Bangladeshi jute and jute goods and leather and leather products are also becoming popular in China.
Overall exports to China have also been on the rise: $746.19 million came in 2013-14, with a whopping 63 percent rise year-on-year. In July-March, total exports to China were worth $579.13 million.
Low production cost and duty benefits in Bangladesh are the main issue for increasing export, Chinese consumers can save up to 15 percent if their garments are bought from Bangladesh.
In July 2010, China offered a zero-duty benefit for exports of 4,721 types of Bangladeshi products, of which the majority are garments.
Exporters said they enjoy an added advantage in the Chinese market as 90 percent of the garments they ship to China without paying any duty include T-shirts, jeans, sweaters and casual trousers, and Bangladesh has an edge over its competitors for these products.
Bangladeshi garment items enter China in three ways -- by international retailers such as H&M and Walmart, by Chinese manufacturers operating in Bangladesh, and by Chinese retailers and brands, exporters said.
“We have a big opportunity in the Chinese market and we are trying to remove the barriers to exports to China,” said Shahidullah Azim, vice-president of Bangladesh Garment Manufacturers and Exporters Association, the garment exporters' platform.
Reported by-
Noor Ahmed Raaz
Asst. Merchandiser
A.M.C.S Textile Ltd
Email: raju.uttara105@gmail.com
After Japan, China is the second largest Asian apparel market for Bangladesh. According to the Export Promotion Bureau Garment exports to China accelerated 73.48 percent year-on-year to $241.37 million in fiscal 2013-14. The earnings were $136.5 million in July-December this fiscal year, with 24 percent growth year-on-year.
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| Apparel industry in Bangladesh |
He explained that, due to rising production cost, Chinese businesses are moving away from producing low-end garments, which has created an opportunity for Bangladesh.
Without garments, Bangladeshi jute and jute goods and leather and leather products are also becoming popular in China.
Overall exports to China have also been on the rise: $746.19 million came in 2013-14, with a whopping 63 percent rise year-on-year. In July-March, total exports to China were worth $579.13 million.
Low production cost and duty benefits in Bangladesh are the main issue for increasing export, Chinese consumers can save up to 15 percent if their garments are bought from Bangladesh.
In July 2010, China offered a zero-duty benefit for exports of 4,721 types of Bangladeshi products, of which the majority are garments.
Exporters said they enjoy an added advantage in the Chinese market as 90 percent of the garments they ship to China without paying any duty include T-shirts, jeans, sweaters and casual trousers, and Bangladesh has an edge over its competitors for these products.
Bangladeshi garment items enter China in three ways -- by international retailers such as H&M and Walmart, by Chinese manufacturers operating in Bangladesh, and by Chinese retailers and brands, exporters said.
“We have a big opportunity in the Chinese market and we are trying to remove the barriers to exports to China,” said Shahidullah Azim, vice-president of Bangladesh Garment Manufacturers and Exporters Association, the garment exporters' platform.
Reported by-
Noor Ahmed Raaz
Asst. Merchandiser
A.M.C.S Textile Ltd
Email: raju.uttara105@gmail.com
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