Bangladesh apparel exports jump 14.51% in July-Jan 2019

11 Feb '19

1 min read

Readymade garment exports from Bangladesh increased by 14.51 per cent in the first seven months of current fiscal 2018-19 to $20.217 billion compared to exports of $17.655 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-January 2018-19 was slightly greater than 13.39 cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 13.86 per cent to $10.140 billion in the first seven months of fiscal 2018-19, as against exports of $8.906 billion during the corresponding period of the previous fiscal, as per the data.

Likewise, exports of woven apparel increased 15.18 per cent to $10.076 billion during the period under review, compared to exports of $8.748 billion during July-January 2017-18.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83 per cent of $24.179 billion worth of total exports made by Bangladesh during the July-January period.

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

More Apparel/Garments News - Bangladesh...