Bangladesh garment exports rise 20.78% in July-October 2021

11 Nov '21

2 min read

Pic: Bayazid Akter | Dreamstime.com

Readymade garment (RMG) exports from Bangladesh increased by 20.78 per cent to $12.621 billion in the first four months of fiscal 2021-22 compared to exports of $10.450 billion in the same period of the previous fiscal, according to the provisional data released by the Export Promotion Bureau. Knitwear exports gained more than woven RMG exports.

Knitwear exports increased by 24.27 per cent to $7.210 billion in July-October 2021-22, as against exports of $5.801 billion during the comparable period of the previous fiscal, as per the data.

Exports of woven apparel increased at a slower rate of 16.41 per cent to $5.411 billion during the period under review, compared to exports of $4.648 billion during the comparable period of 2020-21.

Woven and knitted apparel and clothing accessories’ exports together accounted for 80.13 per cent of $15.749 billion worth of total exports made by Bangladesh during July-October 2021-22.

Meanwhile, home textile exports (Chapter 63, excluding 630510) also rose by 16.52 per cent to $412.78 million during the four-month period under review, compared to exports of $354.25 million during July-October 2020-21.

In the fiscal ending June 30, 2021, readymade garment exports from Bangladesh increased by 12.55 per cent to $31.456 billion compared to exports of $27.949 billion in the previous fiscal. However, this value was lower than $34.133 billion exports made during July-June 2018-19.

If the present growth trend continues, Bangladesh, this fiscal, should surpass the value of RMG exports achieved in 2018-19.

Fibre2Fashion News Desk (RKS)

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