Readymade garment exports from Bangladesh increased by 9.11 per cent in the first nine months of current fiscal 2017-18 to $22.834 billion compared to exports of $20.928 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-March 2017-18 was higher than 6.33 per cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 11.61 per cent to $11.321 billion in the first nine months of fiscal 2017-18, as against exports of $10.143 billion during the corresponding period of the previous fiscal, as per the data. Germany was the largest importer accounting for $2.420 billion of all knitwear exported from Bangladesh, followed by the United Kingdom with imports of goods valued at $1.444 billion.

Likewise, exports of woven apparel increased 6.75 per cent to $11.513 billion during the period under review, compared to exports of $10.785 billion during July-March 2016-17. The US was the largest importer with $2.915 billion worth of woven clothing supplied by Bangladesh. Germany and the United Kingdom procured woven apparel valued at $1.784 billion and $1.402 billion, respectively.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83.18 per cent of $27.451 billion worth of total exports made by Bangladesh during the nine-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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