Bangladesh has set a target of $41 billion from merchandise exports with 21.75 per cent growth for fiscal 2020-21 as the country has witnessed a fall in exports due to the COVID-19 pandemic. For the apparel sector, the target is set at $33.78 billion with a 20.88 per cent growth, of which $16.70 billion will come from knitwear products and $17.09 billion from woven goods.
In the last fiscal, the government set a goods export target of $44.5 billion, but could earn only $33.67 billion, registering a 16.93 per cent fall.Bangladesh has set a target of $41 billion from merchandise exports with 21.75 per cent growth for fiscal 2020-21 as the country has seen a fall in exports due to the pandemic. For the apparel sector, the target is set at $33.78 billion with a 20.88 per cent growth, of which $16.70 billion will come from knitwear products and $17.09 billion from woven goods.#
Commerce minister Minister Tipu Munshi announced the export target recently in a virtual meeting with the stakeholders, according to Bangla media reports.
In the last fiscal, apparel exports plunged by 18.12 per cent to $27.95 billion, as compared to $34.13 billion in the previous fiscal. Knitwear products fetched $13.90 billion, 17.65 per cent less than the previous fiscal’s figure. Woven items earned $14.04 billion, registering a 18.58 per cent negative growth.
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