The increase in the value of garment exports was, however, lower than the 8.42 per cent growth shown in overall exports by Bangladesh during the two-month period.
Category-wise, knitwear exports rose 9.49 per cent to $2.472 billion in the first two months of fiscal 2016-17, as against exports of $2.258 billion during the same months of the previous fiscal, as per the data.
Likewise, exports of woven apparel increased by 6.49 per cent to $2.371 billion during the period under review, compared to exports of $2.226 billion during July-August 2015-16.
Woven and knitted apparel and clothing accessories’ exports together accounted for nearly 83 per cent of $5.837 billion worth of total exports made by Bangladesh during the period under review.
In the previous fiscal that ended on June 30, 2016, garment exports earned $28.094 billion for Bangladesh, showing an increase of 10.21 per cent over $25.491 billion exports made in 2014-15. Of this, knitwear accounted for $13.355 billion while woven apparel constituted $14.738 billion.
For fiscal 2016-17, Bangladesh has set RMG export target of $30.379 billion, with knitted and woven categories contributing $14.169 billion and $16.210 billion respectively. (RKS)
Fibre2Fashion News Desk – India
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