Citing a recent report of US Commerce Department,
exporters say Bangladesh, recording a marginal fall during
January-April this year, has witnessed overall negative growth in
shipments compared to other Asian competitors”.The report on “US
apparel imports from major Asian sources in January-April 2010″ shows
Bangladesh’s apparel shipments saw one per cent decline over the like
period of the past year ..The report shows that in January-April,
shipments from China grew more than 13 per cent to $6.8 billion, Vietnam
9.6 per cent to $1.7 billion and Indonesia 6.1 per cent to $1.46
billion ..Shipments from India in the period grew by 1.8 per cent
to $1.15 billion, Pakistan 8 per cent to $0.4 billion and from Cambodia
they grew by 3 per cent to $0.65 billion ..”The post-recession US
market appears to be harsh to Bangladesh,” a Bangladeshi executive who
works for the Dhaka sourcing office of an US importer told New Age ..In
the first four months of the current year, Bangladesh’s apparel
shipments to the US were worth $1.21 billion against the figure of $1.2
billion in the like period of the 2009 ..”Sourcing dynamics have
been changing a lot in the post-recession market,” the executive said.
“Convenient contracts and deliveries, more interactive marketing efforts
and many other things are influencing the minds of the importers.” ..Readymade
garments and knitwear are Bangladesh’s top earners and netted $12
billion in 2009. However, it is also afflicted by political and
industrial violence .
Date:6/28/2010
Source:www.commodityonline.com