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Bangladesh apparel exports down 6.21% in July-Dec FY20

Jan '20
Pic: Shutterstock
Pic: Shutterstock
Readymade garment exports from Bangladesh decreased by 6.21 per cent in the first six months of current fiscal 2019-20 to $16.024 billion compared to exports of $17.084 billion in the corresponding months of the previous year, according to data from the Export Promotion Bureau. The percentage decrease in garment exports during July- December 2019-20 was greater than 5.84 per cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports fell 5.16 per cent to $8.205 billion in the first six months of fiscal 2019-20, as against exports of $8.652 billion during the corresponding period of the previous fiscal, as per the data.

Likewise, exports of woven apparel decreased 7.28 per cent to $7.818 billion during the period under review, compared to exports of $8.432 billion during July-December 2019-20.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83 per cent of $19.302 billion worth of total exports made by Bangladesh during the July-December period.

In the last fiscal ending June 30, 2019, garment exports from Bangladesh crossed the $34-billion mark. 

Fibre2Fashion News Desk (PC)

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