Bangladesh garment exports up 9.77% in July-May

07 Jun '18

2 min read

Readymade garment exports from Bangladesh increased by 9.77 per cent in the first eleven months of current fiscal 2017-18 to $28.128 billion compared to exports of $25.624 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-May 2017-18 was higher than 6.66 per cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 11.48 per cent to $13.940 billion in the first eleven months of fiscal 2017-18, as against exports of $12.504 billion during the corresponding period of the previous fiscal, as per the data. Germany was the largest importer accounting for $2.953 billion of all knitwear exported from Bangladesh, followed by the United Kingdom with imports of goods valued at $1.763 billion.

Likewise, exports of woven apparel increased 8.15 per cent to $14.188 billion during the period under review, compared to exports of $13.119 billion during July-May 2016-17. The US was the largest importer with $3.652 billion worth of woven clothing supplied by Bangladesh. Germany and the United Kingdom procured woven apparel valued at $2.174 billion and $1.716 billion, respectively.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83.39 per cent of $33.728 billion worth of total exports made by Bangladesh during the eleven-month period.

If the present trend continues, the South Asian country is likely to achieve its set target of $30.160 billion in garment export earnings this fiscal. (RKS)

Fibre2Fashion News Desk – India

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