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Bangladesh RMG exports jump 15.65% in H1 FY19

Jan '19
RMG exports from Bangladesh increased by 15.65 per cent in the first six months of current fiscal 2018-19 to $17.084 billion compared to exports of $14.772 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-December 2018-19 was slightly greater than 14.42 per cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 13.92 per cent to $8.652 billion in the first six months of fiscal 2018-19, as against exports of $7.595 billion during the corresponding period of the previous fiscal, as per the data.

Likewise, exports of woven apparel increased 17.48 per cent to $8.432 billion during the period under review, compared to exports of $7.177 billion during July-December 2017-18.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83 per cent of $20.499 billion worth of total exports made by Bangladesh during the period July-December 2018-19.

In the last fiscal ending June 30, 2018, garment exports from Bangladesh crossed the $30-billion mark and surpassed the target by 1.51 per cent. For the current fiscal, the Government of Bangladesh has set readymade garments export target at $32.689 billion. (PC)

Fibre2Fashion News Desk – India

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