Bangladesh garment exports up 7.57% in July-Jan
15 Feb 18 2 min read
Readymade garment exports from Bangladesh increased by 7.57 per cent in the first seven months of current fiscal 2017-18 to $17.655 billion compared to exports of $16.413 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-January 2017-18 was higher than 6.55 per cent growth in overall exports from Bangladesh during the same period.
Category-wise, knitwear exports rose 10.50 per cent to $8.906 billion in the first seven months of fiscal 2017-18, as against exports of $8.060 billion during the corresponding period of the previous fiscal, as per the data. Germany was the largest importer accounting for $1.902 billion of all knitwear exported from Bangladesh, followed by the United Kingdom with imports of goods valued at $1.139 billion.
Likewise, exports of woven apparel increased 4.74 per cent to $8.748 billion during the period under review, compared to exports of $8.352 billion during July-January 2016-17. The US was the largest importer with $2.260 billion worth of woven clothing supplied by Bangladesh. Germany and the United Kingdom procured woven apparel valued at $1.306 billion and $1.049 billion, respectively.
Woven and knitted apparel and clothing accessories’ exports together accounted for 82.79 per cent of $21.324 billion worth of total exports made by Bangladesh during the seven-month period.
In the previous fiscal that ended on June 30, 2017, garment exports from Bangladesh had increased 0.2 per cent year-on-year to $28.149 billion. The South Asian country has set the target of achieving $30.160 billion during the current financial year. (RKS)
Fibre2Fashion News Desk – India
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