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Bangladesh apparel exports jump 12.82% in July-May 2019

Jun '19
Readymade garment exports from Bangladesh increased by 12.82 per cent in the first eleven months of current fiscal 2018-19 to $31.733 billion compared to exports of $28.128 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-May 2018-19 was slightly greater than 11.92 per cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 12.50 per cent to $15.682 billion in the first eleven months of fiscal 2018-19, as against exports of $13.940 billion during the corresponding period of the previous fiscal, as per the data.

Likewise, exports of woven apparel increased 13.13 per cent to $16.051 billion during the period under review, compared to exports of $14.188 billion during July-May 2017-18.

Woven and knitted apparel and clothing accessories’ exports together accounted for 84 per cent of $37.750 billion worth of total exports made by Bangladesh during the July-May period.

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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