Bangladesh garment exports rise 30.73% in July-February 2021-22
28 Mar 22 2 min read
Knitwear exports increased by 32.87 per cent to $15.069 billion in July-February 2021-22, as against exports of $11.341 billion during the comparable period of the previous fiscal, as per the data.
Exports of woven apparel increased at a slower rate of 28.23 per cent to $12.427 billion during the period under review, compared to exports of $9.691 billion during the comparable period of 2020-21.
Woven and knitted apparel and clothing accessories’ exports together accounted for 81.24 per cent of $33.843 billion worth of total exports made by Bangladesh during July-February 2021-22.
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Meanwhile, home textile exports (Chapter 63, excluding 630510) also rose by 35.98 per cent to $993.764 million during the eight-month period under review, compared to exports of $730.820 million during July-February 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, and may also surpass the garment export target of $35.144 billion set for the ongoing fiscal year.
Fibre2Fashion News Desk (RKS)
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