Knitwear (Chapter 61) exports witnessed a lower growth compared to woven RMG exports. Exports of knitwear increased by 7.14 per cent to $7.725 billion in July-October 2022, as against exports of $7.210 billion during the same months of the previous fiscal. Exports of woven apparel (Chapter 62) increased by 15.08 per cent to $6.227 billion during the period under review, compared to exports of $5.411 billion during July-October 2021, as per the data. 

Home textile exports (Chapter 63, excluding 630510) increased by 5.18 per cent to $434.16 million during the period under review, compared to exports of $412.78 million during July-October 2021. 

Woven and knitted apparel, clothing accessories and home textile exports together accounted for 85.36 per cent of Bangladesh’s total exports of $16.853 billion during July-October 2022. 

RMG exports from Bangladesh had witnessed an increase of 35.47 per cent to $42.613 billion in fiscal 2021-22 compared to exports of $31.456 billion in fiscal 2020-21. Bangladesh had achieved an all-time high in terms of value of RMG exports in 2021-22. The total exports also breached the target of $43.500 billion with 19.73 per cent rise during the period. However, the growth in textile exports slowed down during the recent months due to global economic challenges. 

Fibre2Fashion News Desk (KUL)