Bangladesh apparel exports jump 20% in July-Oct 2018

19 Nov '18

1 min read

Readymade garment exports from Bangladesh increased by 20.08 per cent in the first four months of current fiscal 2018-19 to $11.333 billion compared to exports of $9.437 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-October 2018-19 was slightly greater than 18.65 per cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 17.83 per cent to $5.875 billion in the first four months of fiscal 2018-19, as against exports of $4.986 billion during the corresponding period of the previous fiscal, as per the data.

Likewise, exports of woven apparel increased 22.61 per cent to $5.457 billion during the period under review, compared to exports of $4.451 billion during July-October 2017-18.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83 per cent of $13.651 billion worth of total exports made by Bangladesh during the July-October quarter.

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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