In July-November 2015, Bangladesh earned $10.462 billion in garment exports, compared to exports of $9.691 billion 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 6.71 per cent growth shown in overall exports by Bangladesh during the five-month period.

Category-wise, knitwear exports rose 4.78 per cent to $5.236 billion in the first five months of fiscal 2015-16, as against exports of $4.997 billion during the same months of the previous fiscal, as per the data.

Likewise, exports of woven apparel increased by 11.35 per cent to $5.226 billion during the period, compared to exports of $4.693 billion during July-November 2014.

Woven and knitted apparel and clothing accessories' exports together accounted for more than 80 per cent of $12.879 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.

For fiscal 2015-16, Bangladesh has set RMG export target of $27.371 billion. (RKS)

Fibre2Fashion News Desk – India