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Bangladesh garment exports up 2.39% in July-March FY17

10
Apr '17
Readymade garment exports from Bangladesh increased by 2.39 per cent year-on-year during the first nine months of the current fiscal 2016-17. In July-March 2016-17, Bangladesh earned $20.928 billion from garment exports compared to exports of $20.440 billion in the corresponding period of the previous fiscal, Export Promotion Bureau data showed.

The increase in the value of garment exports was lower than the 3.97 per cent growth registered in overall exports by Bangladesh during the nine-month period.

Category-wise, knitwear exports rose 4.85 per cent to $10.143 billion in the first nine months of fiscal 2016-17, as against exports of $9.674 billion during the same months of the previous fiscal, as per the data. Germany was the largest importer accounting for $2.141 billion of all knitwear exported from Bangladesh, followed by the United Kingdom with imports of goods valued at $1.227 billion.

Likewise, exports of woven apparel increased by 0.18 per cent to $10.785 billion during the nine-month period under review, compared to exports of $10.765 billion during July-March 2015-16. The United States was the largest importer with $2.898 billion worth of woven clothing supplied by Bangladesh.

Woven and knitted apparel and clothing accessories’ exports together accounted for 80.66 per cent of $25.946 billion worth of total exports made by Bangladesh during the period under review.

In the previous fiscal that ended on June 30, 2016, garment exports earned $28.094 billion for Bangladesh, showing an increase of 10.21 per cent over $25.491 billion exports made in 2014-15. Of this, knitwear accounted for $13.355 billion while woven apparel constituted $14.738 billion.

For fiscal 2016-17, Bangladesh has set apparel export target of $30.379 billion, with knitted and woven categories contributing $14.169 billion and $16.210 billion respectively. (RKS)

Fibre2Fashion News Desk – India


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