Country-wise export of knitwears are given in Table-3.
The global knitting industry is growing at a fast rate and numerous technological innovations contribute to the success of the knitwear industry.
At present there are about 600 knitwear factories of various sizes with 13372 circular knitting machines, 10,646 flat knitting and 23,241 socks knitting machines spread all over the country.
Pakistan's knitwear industry is almost completely export-oriented, however domestic use of garments such as vests and underwear are common in all urban groups The products made in Pakistan include T-shirts, jogging suits, jerseys, sport shirts, children wear, gloves, tracksuits, sweaters, socks etc.
Chief merchandiser at Sincere Knitwears, Mominul Islam, said his firm's key customers in Holland, Spain and Denmark have kept orders static with 2008 figures so far in 2009.
WITH the global recession raging across most of the world, Bangladesh's knitwear sector is maintaining a strong commercial position and looks better geared to survive the economic downturn than some of its regional competitors.
Monthly export volume growth slowed from 45% in June to August 2008 to 7% a month since December according to the Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA).
The Sincere Knitwear marketing boss has also noticed a migration of buying houses from Hong Kong to Dhaka, taking some of the power away from large sourcing houses such as Li & Fung, for which Sincere has completed orders.
It is now producing all kinds of knitwears which include sweat shirts, T-shirts, Jerseys, Jogging suits, various undergarment, pants, shorts, infant suits, night dresses etc.
Thus it is estimated that the knitwear industry employs over 100,000 workers including skilled and unskilled men and women of all ages and groups.
In the domestic market there is ample potential of development, unfortunately a common man is ill-conceived about the advantages and utilization of knitwear products.
There are several things in modernization of the knitwear Industry.