TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Bangladesh garment exports rebound from coronavirus crunch

News Desk (Agence France-Presse)
Dhaka, Bangladesh
Tue, September 1, 2020 Published on Sep. 1, 2020 Published on 2020-09-01T14:58:51+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Bangladesh garment exports rebound from coronavirus crunch Bangladesh's crucial textile industry saw a sharp rebound from the coronavirus crisis in August, with exports surging nearly 50 percent as factories swung into full gear to meet orders from global retailers, officials said Tuesday. (Shutterstock/Tero Vesalainen)

B

angladesh's crucial textile industry saw a sharp rebound from the coronavirus crisis in August, with exports surging nearly 50 percent as factories swung into full gear to meet orders from global retailers, officials said Tuesday.

Shipments of ready-made clothes hit $3.3 billion, up from $2.3 billion a year earlier, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said.

The garment industry is the cornerstone of the economy in Bangladesh, the world's second largest exporter of the goods after China. 

The reinstatement of cancelled orders from retail titans including H&M, Primark and Walmart has revived the industry even though Bangladesh is still suffering from the pandemic, BGMEA spokesman Khan Monirul Alam Shuvo told AFP.

Some companies say they are now looking for thousands of workers to cope with new orders. 

The association said in April that western retailers, who normally buy around $30 billion worth of garments each year, cancelled $3.2 billion-worth after the virus forced stores to shut down.

Shipments collapsed 83 percent in April and more than 50 percent in May. 

"Some 80 percent of those orders have since been reinstated," Shuvo said. "Still, we have to wait another five months to see a clear picture."

Because of the pandemic, Bangladesh closed factories for one month from March 26. The 4,500 garment factories employ more than four million workers -- about two-thirds of them women -- and hundreds of thousands were laid off.

Hannan Group, which exports high-end fashion to brands such as Esprit and Casamoda in Europe, said it has recruited nearly 1,600 workers in the past two months.

"I think the worst is over. Some retailers have placed new orders and revived some old orders. We need new workers to make the shipment deadline," Hannan chairman A.B.M Shamsuddin, whose companies employ 12,000 people, told AFP.

 

 

 

 

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.