Knitwear exports increased by 24.27 per cent to $7.210 billion in July-October 2021-22, as against exports of $5.801 billion during the comparable period of the previous fiscal, as per the data.
Exports of woven apparel increased at a slower rate of 16.41 per cent to $5.411 billion during the period under review, compared to exports of $4.648 billion during the comparable period of 2020-21.
Woven and knitted apparel and clothing accessories’ exports together accounted for 80.13 per cent of $15.749 billion worth of total exports made by Bangladesh during July-October 2021-22.
Meanwhile, home textile exports (Chapter 63, excluding 630510) also rose by 16.52 per cent to $412.78 million during the four-month period under review, compared to exports of $354.25 million during July-October 2020-21.
In the fiscal ending June 30, 2021, readymade garment exports from Bangladesh increased by 12.55 per cent to $31.456 billion compared to exports of $27.949 billion in the previous fiscal. However, this value was lower than $34.133 billion exports made during July-June 2018-19.
If the present growth trend continues, Bangladesh, this fiscal, should surpass the value of RMG exports achieved in 2018-19.
Fibre2Fashion News Desk (RKS)