Readymade garment exports from Bangladesh increased by 9.37 per cent in the first ten months of current fiscal 2017-18 to $25.305 billion compared to exports of $23.137 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-April 2017-18 was higher than 6.41 per cent growth in overall exports from Bangladesh during the same period.
Category-wise, knitwear exports rose 11.43 per cent to $12.540 billion in the first ten months of fiscal 2017-18, as against exports of $11.254 billion during the corresponding period of the previous fiscal, as per the data. Germany was the largest importer accounting for $2.671 billion of all knitwear exported from Bangladesh, followed by the United Kingdom with imports of goods valued at $1.597 billion.
Likewise, exports of woven apparel increased 7.42 per cent to $12.765 billion during the period under review, compared to exports of $11.883 billion during July-April 2016-17. The US was the largest importer with $3.254 billion worth of woven clothing supplied by Bangladesh. Germany and the United Kingdom procured woven apparel valued at $1.979 billion and $1.560 billion, respectively.
Woven and knitted apparel and clothing accessories’ exports together accounted for 83.22 per cent of $30.406 billion worth of total exports made by Bangladesh during the ten-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