Bangladesh apparel exports jump 14.17% in July-Feb 2019

12 Mar '19

1 min read

Readymade garment exports from Bangladesh increased by 14.17 per cent in the first eight months of current fiscal 2018-19 to $23.126 billion compared to exports of $20.256 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-February 2018-19 was slightly greater than 12.98 cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 13.50 per cent to $11.493 billion in the first eight months of fiscal 2018-19, as against exports of $10.125 billion during the corresponding period of the previous fiscal, as per the data.

Likewise, exports of woven apparel increased 14.84 per cent to $11.633 billion during the period under review, compared to exports of $10.130 billion during July-February 2017-18.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83 per cent of $27.562 billion worth of total exports made by Bangladesh during the July-February 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

More Apparel/Garments News - Bangladesh...