Despite slowdown, share of RMG exports zooms

08 Jun '09

1 min read

Ready made garments, despite the slowdown and the recessionary phase are gaining ground in the overall export basket from Bangladesh as other products are witnessing a fall in share of overall exports.

During the July-April period of the current fiscal, share of clothing in overall exports from the country has grown to 79.09 percent, compared to a share of 75.83 percent in all the 12 months of the previous fiscal.

If the share of the whole textile and apparel shipments were to be considered, it would touch 82 percent, by including exports and home textiles. The share of other products is dipping under the impact of recessionary trends prevailing in global markets.

The contribution of woven garment was 38.25 percent or $4.902 billion, while the figure for knitwear products was 40.82 percent or $5.231 billion and also recorded a growth of 17.13 percent and 19.08 percent respectively.

During this ten month period, shipments of goods such as raw jute fell by 17.65 percent, jute goods 17.78 percent, leather 36.13 percent, frozen foods 14.26 percent and ceramic products by 10.69 percent over the last fiscal year.

Fibre2fashion - News Desk, India

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