Bangladesh garment exports swell 24% in Q1 FY'14

10 Oct '13

1 min read

The exports of readymade garments from Bangladesh have increased by nearly 24 percent during the first quarter of the current financial year 2013-14 that began on July 1, 2013, according to the data released by the Export Promotion Bureau (EPB).

From July to September 2013, knitwear exports earned US$ 3.160 billion for Bangladesh, showing an increase of 24.43 percent over exports of US$ 2.539 billion made during the corresponding period of 2012-13, the data showed.

Bangladesh’s woven garment exports stood at US$ 3.043 billion during the first quarter, registering a rise of 23.89 percent compared to exports worth US$ 2.456 billion made during the same period last fiscal.

Meanwhile, home textiles exports from the South Asian nation declined by 9.81 percent year-on-year to US$ 179.28 million.

The data also revealed that terry towel exports and man-made filaments & staple fibre exports dropped by 2.52 percent and 5.84 percent, respectively.

Raw jute exports dipped substantially by 52.96 percent to US$ 24.97 million during the three-month period, EPB data showed.

Compared to garment exports of US$ 21.516 billion made in 2012-13, Bangladesh has set a target of US$ 24.15 billion for 2013-14.

Fibre2fashion News Desk - India

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