Bangladesh's export of knitwear to Germany, a major knitwear export destination, continued to maintain a robust growth without any restriction against a competitive country like China during the post-MFA period.
The country's knitwear export to Germany reached $ 805.33 million with a 51 percent growth during the July-April of the current fiscal compared to the same period of the previous fiscal, Export Promotion Bureau (EPB) sources said yesterday.
While talking to the news agency President of Bangladesh Knitwear Manufactures and Exports Association (BKMEA) Fazlul Haque said, "As the World Cup Football is being held in Germany, it has created an opportunity to boost up knitwear export with this type of higher growth."
"We will organise a three-day long single country knitwear fair, first of its kind, in Germany to maintain this higher growth for the next fiscal," he informed.
The fair is scheduled to be held at Hilton Dussdeldorf hotel on September 5 to 7 with the financial support of Germany's developing agencies, GTZ, according to the association sources.
Knitwear exports overtook woven exports as major export earner in April this year for the first time in the country's history.
With a 32.86 percent rise, knitwear products export stood at $3007 million during the July-April period of the current fiscal, EPB statistics said.
The BKMEA president is optimistic that knitwear sector would become a major export earner from the next fiscal.
One of the biggest Germany-based knitwear exporters said, "We can achieve more market share, especially in the knitwear sector in Germany, if we can build up close contact with the German buyers".
"The scheduled knitwear fair in Germany will provide an opportunity for our exporters to establish direct link with the German market," he hoped.
According to the EPB statistics, knitwear export to Germany continued to maintain a robust growth in the last three years and increased to $ 669 million in FY 2004-05 from $ 328 million in FY 2002-03.
