Bangladesh' s exports of yarns and fabrics up 15.52%

Bangladesh' s exports of yarns and fabrics are up 15.52 per cent. Shipment of raw materials and intermediate goods is rising fast. Exports of yarn, fabrics and waste yarn were up 38 per cent from July 2021 to November 2021 Export Promotion Bureau. Spinners and weavers in Bangladesh are exporting yarns and fabrics after meeting the demands of domestic garment factories.

Vietnam recently agreed to buy yarn from Bangladesh. The garment producing country purchases one lakh tons of yarn from India every year. Similarly, textile millers and yarn and fabric users in Turkey, South Korea, Egypt and Taiwan are planning to buy more yarns and fabrics from Bangladesh. So spinners and weavers are expanding their capacity to produce manmade fibers because of the growing demand. In the next two years, Bangladesh's yarn production capacity will see an addition of 2.5 million spindles. Currently, 13.5 million spindles are used to manufacture textile raw materials.

Bangladesh has already conquered the international apparel market and is currently the second-largest exporter of garment items worldwide after China, with a six per cent global market share. Although Bangladesh depends on imports of cotton, a key raw material for textiles, the country is fast becoming a major source for yarn and fabrics for textile and garment producers.