Bangladesh's RMG exports grow 1.91% in July-Jan FY '15

06 Feb '15

2 min read

The exports of readymade garments (RMG) from Bangladesh are growing at a slow but steady pace over the past two months, data from the Export Promotion Bureau shows.

In the first seven months of the ongoing fiscal year that commenced on 1 July, 2014, garment exports clocked US$ 14.444 billion, registering an increase of 1.91 per cent over exports of $14.173 billion during the corresponding period of the previous fiscal.

Category-wise, knitwear exports grew by 2.62 per cent to $7.177 billion during the July-January 2014-15, over exports of $6.994 billion made during the corresponding months of the previous fiscal, the data showed.

Likewise, exports of woven apparel increased by 1.22 per cent to $7.266 billion during the seven-month period, compared to exports of $7.178 billion during the same period of 2013-14.

Woven and knitted apparel and clothing accessories’ exports together accounted for around 81 per cent of $17.799 billion worth of total exports made by Bangladesh during the period under review.

In fiscal year 2013-14, Bangladesh’s clothing exports surged by 13.83 per cent to $24.491 billion, compared to exports of $21.515 billion made in 2012-13.

For fiscal year 2014-15, Bangladesh has set an export target of $13.215 billion for knitwear and $13.681 billion for woven garments.

US, Germany and the UK are top markets for Bangladeshi garments. (RKS)

Fibre2fashion News Desk - India

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