Bangladesh garment exports rise 11.48% in July-September '21

08 Oct '21

2 min read

Pic: Alen thien / Shutterstock.com

Readymade garment (RMG) exports from Bangladesh increased by 11.48 per cent to $9.059 billion in the first three months of fiscal 2021-22 compared to exports of $8.126 billion in the same period of the previous fiscal, according to the provisional data released by the Export Promotion Bureau. Knitwear exports gained more than woven RMG exports.

Knitwear exports increased by 15.69 per cent to $5.164 billion in July-September 2021-22, as against exports of $4.463 billion during the comparable period of the previous fiscal, as per the data.

Exports of woven apparel increased at a slower rate of 6.35 per cent to $3.895 billion during the period under review, compared to exports of $3.662 billion during the comparable period of 2020-21.

Woven and knitted apparel and clothing accessories’ exports together accounted for 82.19 per cent of $11.021 billion worth of total exports made by Bangladesh during July-September 2021-22.

Meanwhile, home textile exports (Chapter 63, excluding 630510) also rose by 10.65 per cent to $279.23 million during the three-month period under review, compared to exports of $252.35 million during July-September 2020-21.

In the fiscal ending June 30, 2021, readymade garment exports from Bangladesh increased by 12.55 per cent to $31.456 billion compared to exports of $27.949 billion in the previous fiscal. However, this value was lower than $34.133 billion exports made during July-June 2018-19.

Fibre2Fashion News Desk (RKS)

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