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Bangladesh garment exports up in July-Aug '15

21 Sep '15
2 min read

After registering a double-digit decline in the first month of financial year 2015-16, garment exports from Bangladesh have swung back to positive growth, according to the government data.
 
In July-August 2015, Bangladesh earned $4.485 billion in garment exports, showing an increase of 5.98 per cent compared to exports of $4.231 billion made in the corresponding months of the previous fiscal, Export Promotion Bureau data showed.
 
The increase in the value of garment exports was greater than the 4.71 per cent growth shown in overall exports by Bangladesh during the two-month period. Factories operating normally after the end of the Eid-ul-Fitr holiday season is one of the reasons for the uptrend in exports.
 
Category-wise, knitwear exports rose 2.37 per cent to $2.258 billion in the first two months  of fiscal 2015-16, as against exports of $2.206 billion during the same months of the previous fiscal, as per the data.
 
Likewise, exports of woven apparel increased by 9.93 per cent to $2.226 billion during the period, compared to exports of $2.025 billion during July-August 2014.
 
Woven and knitted apparel and clothing accessories’ exports together accounted for 83.29 per cent of $5.384 billion worth of total exports made by Bangladesh during the period under review.
 
In the previous fiscal that ended on June 30, 2015, garment exports earned $25.491 billion for Bangladesh, showing an increase of 4.08 per cent over $24.491 billion exports made in 2013-14. Of this, knitwear accounted for $12.426 billion while woven apparel constituted $13.064 billion. (RKS)
 

Fibre2Fashion News Desk – India

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