Bangladesh garment exports surpass target in FY18

07 Jul '18

2 min read

Courtesy: Artem Bali from Pexels

Readymade garment exports from Bangladesh surpassed the $30.160 billion target for fiscal 2017-18 ending June 30, 2018, by 1.51 per cent to achieve $30.614 billion, according to data from the Export Promotion Bureau. The percentage increase in garment exports during July-June 2017-18 was higher than 5.81 per cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 10.40 per cent to $15.188 billion in the fiscal 2017-18, as against exports of $13.757 billion during the previous fiscal, as per the data. Germany was the largest importer accounting for $3.216 billion of all knitwear exported from Bangladesh, followed by the United Kingdom and the US with imports of goods valued at $1.897 billion and $1.374 billion, respectively.

Likewise, exports of woven apparel increased 7.18 per cent to $15.426 billion during the period under review, compared to exports of $14.392 billion during July-June 2016-17. The US was the largest importer with $3.977 billion worth of woven clothing supplied by Bangladesh. Germany and the United Kingdom procured woven apparel valued at $2.362 billion and $1.826 billion, respectively.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83.49 per cent of $36.668 billion worth of total exports made by Bangladesh during the financial year. (RKS)

Fibre2Fashion News Desk – India

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