Bangladesh garment exports up 8.68% in July-Feb

The percentage increase in garment exports during July-February 2017-18 was higher than 7.38 per cent growth in overall exports from Bangladesh during the same period.

Category-wise, knitwear exports rose 11.56 per cent to $10.125 billion in the first eight months of fiscal 2017-18, as against exports of $9.076 billion during the corresponding period of the previous fiscal, as per the data. Germany was the largest importer accounting for $2.161 billion of all knitwear exported from Bangladesh, followed by the United Kingdom with imports of goods valued at $1.290 billion.

Likewise, exports of woven apparel increased 5.94 per cent to $10.130 billion during the period under review, compared to exports of $9.562 billion during July-February 2016-17. The US was the largest importer with $2.566 billion worth of woven clothing supplied by Bangladesh. Germany and the United Kingdom procured woven apparel valued at $1.535 billion and $1.229 billion, respectively.

Woven and knitted apparel and clothing accessories’ exports together accounted for 83.02 per cent of $24.397 billion worth of total exports made by Bangladesh during the eight-month period.

In the previous fiscal that ended on June 30, 2017, garment exports from Bangladesh had increased 0.2 per cent year-on-year to $28.149 billion. The South Asian country has set the target of achieving $30.160 billion during the current financial year. (RKS)

ALCHEMPro News Desk – India