Bangladesh apparel exports dip 2.55% in July-March FY21

Category-wise, knitwear exports increased by 5.85 per cent to $12.654 billion in July-March 2020-21, as against exports of $11.954 billion during the same period of the previous fiscal, as per the data.

However, exports of woven apparel decreased by 10.83 per cent to $10.833 billion during the period under review, compared to exports of $12.149 billion during the comparable period of 2019-20.

Woven and knitted apparel and clothing accessories’ exports together accounted for 81.16 per cent of $28.938 billion worth of total exports made by Bangladesh during the first nine months of the current fiscal.

Meanwhile, home textile exports (Chapter 63, excluding 630510) increased 41.5 per cent to $846.45 million during the nine-month period under review, compared to exports of $598.19 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.

Fibre2Fashion News Desk (RKS)