Bangladesh apparel exports jump 12.59% in July-April 2019

20 May '19

1 min read

Readymade garment exports from Bangladesh increased by 12.59 per cent in the first ten months of current fiscal 2018-19 to $28.490 billion compared to exports of $25.305 billion in the corresponding months of the previous year, according to data from the Export Promotion Bureau. The percentage increase in garment exports during July-April 2018-19 was slightly greater than 11.61 per cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 12.32 per cent to $14.084 billion in the first ten months of fiscal 2018-19, as against exports of $12.540 billion during the corresponding period of the previous fiscal, as per the data.

Likewise, exports of woven apparel increased 12.85 per cent to $14.405 billion during the period under review, compared to exports of $12.765 billion during July-April 2017-18.

Woven and knitted apparel and clothing accessories’ exports together accounted for 84 per cent of $33.937 billion worth of total exports made by Bangladesh during the July-April period.

In the last fiscal ending June 30, 2018, garment exports from Bangladesh crossed the $30-billion mark and surpassed the target by 1.51 per cent. For the current fiscal, the Government of Bangladesh has set readymade garments export target at $32.689 billion. (PC)

Fibre2Fashion News Desk – India

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