The increase in the value of garment exports was slightly lower than the 4.36 per cent growth registered in overall exports by Bangladesh during the six-month period.
Category-wise, knitwear exports rose 6.03 per cent to $8.060 billion in the first seven months of fiscal 2016-17, as against exports of $7.601 billion during the same months of the previous fiscal, as per the data.
Likewise, exports of woven apparel increased by 2.37 per cent to $8.352 billion during the seven-month period under review, compared to exports of $8.159 billion during July-January 2015-16.
Woven and knitted apparel and clothing accessories’ exports together accounted for 81.61 per cent of $20.110 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 apparel export target of $30.379 billion, with knitted and woven categories contributing $14.169 billion and $16.210 billion respectively. (RKS)
ALCHEMPro News Desk – India
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