Bangladesh apparel exports jump 13.65% in July-March 2019

09 May '19

1 min read

Readymade garment exports from Bangladesh increased by 13.65 per cent in the first nine months of current fiscal 2018-19 to $25.951 billion compared to exports of $22.834 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-March 2018-19 was slightly greater than 12.57 cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 13.07 per cent to $12.800 billion in the first nine months of fiscal 2018-19, as against exports of $11.321 billion during the corresponding period of the previous fiscal, as per the data.

Likewise, exports of woven apparel increased 14.22 per cent to $13.150 billion during the period under review, compared to exports of $11.513 billion during July-March 2017-18.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83 per cent of $30.903 billion worth of total exports made by Bangladesh during the July-March 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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