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Bangladesh exports of tees down seven per cent

Bangladesh’s exports of T-shirts fell seven per cent in the first quarter. Reasons include the depreciation of the currency, low work orders and the low price offered by buyers. Buyers have lowered their purchasing price by around ten per cent during the last three months. Most orders for knit products come from Pakistan and India. High-end knit products go to Cambodia and Vietnam.

Bangladesh’s T-shirt exports increased steadily over the last three financial years. Around 80 per cent of the country’s export earnings come from the garment sector. During the last four decades, the industry has gradually become the driving force of the economy. But the basis of this driving force is mainly in five or six products. Garments are exported from Bangladesh mainly under two categories. One is knit, the other is woven. In these two categories, mainly five types of goods are exported. These are T-shirts, trousers, shirts, jackets and sweaters. The country’s readymade garment exports fell by 1.64 per cent in August 2019 because of the Id vacation. Most factories remained closed for at least seven days.

However, demand for T-shirts in Western countries remains high throughout the year. Despite the fact that China remains a key global centre for the production of T-shirts, production is gradually shifting to other countries in Asia.