Category-wise, knitwear exports increased by 3.90 per cent to $8.526 billion in July-December of fiscal 2020-21, as against exports of $8.205 billion during the same period of the previous fiscal, as per the data.
However, exports of woven apparel decreased by 10.22 per cent to $7.019 billion during the period under review, compared to exports of $7.818 billion during the comparable period of 2019-20.
Woven and knitted apparel and clothing accessories’ exports together accounted for 80.82 per cent of $19.233 billion worth of total exports made by Bangladesh during the first half of the current fiscal.
Meanwhile, home textile exports (Chapter 63, excluding 630510) increased 47.93 per cent to $547.48 million during the six-month period under review, compared to exports of $370.1 million during the corresponding period of the previous fiscal.
In the fiscal ending June 30, 2020, readymade garment exports from Bangladesh declined 18.12 per cent to $27.949 billion compared to exports of $34.133 billion in the previous fiscal, mainly on account of COVID-19 pandemic and lockdowns. For the current fiscal, the country has set an export target of $33.785 billion.
ALCHEMPro News Desk (RKS)
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