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Bangladesh apparel exports down 7.74% in July-Nov FY20

Dec '19
Pic: Shutterstock
Pic: Shutterstock
Readymade garment exports from Bangladesh decreased by 7.74 per cent in the first four months of current fiscal 2019-20 to $13.088 billion compared to exports of $14.186 billion in the corresponding months of the previous year, according to data from the Export Promotion Bureau. The percentage decrease in garment exports during July- November 2019-20 was slightly greater than 7.59 per cent decline in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports fell 6.79 per cent to $6.809 billion in the first four months of fiscal 2019-20, as against exports of $7.306 billion during the corresponding period of the previous fiscal, as per the data.

Likewise, exports of woven apparel decreased 8.74 per cent to $6.279 billion during the period under review, compared to exports of $6.880 billion during July-November 2019-20.

Woven and knitted apparel and clothing accessories’ exports together accounted for 76 per cent of $17.073 billion worth of total exports made by Bangladesh during the July-November period.

In the last fiscal ending June 30, 2019, garment exports from Bangladesh crossed the $34-billion mark. 

Fibre2Fashion News Desk (PC)

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