Bangladesh garment exports soar 12.55% in FY21

16 Jul '21

2 min read

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Readymade garment (RMG) exports from Bangladesh increased by 12.55 per cent to $31.456 billion in fiscal 2020-21 ending June 30 compared to exports of $27.949 billion in the previous fiscal, according to the provisional data released by the Export Promotion Bureau. However, the country missed the export target of $33.785 billion by 6.89 per cent.

Category-wise, knitwear exports jumped by 21.94 per cent to $16.960 billion in July-June 2020-21, as against exports of $13.908 billion during the previous fiscal, as per the data.

Exports of woven apparel too rose by 3.24 per cent to $14.496 billion during the period under review, compared to exports of $14.041 billion during the comparable period of 2019-20.

Woven and knitted apparel and clothing accessories’ exports together accounted for 81.16 per cent of $38.758 billion worth of total exports made by Bangladesh during the last fiscal.

Meanwhile, home textile exports (Chapter 63, excluding 630510) shot up by 49.17 per cent to $1.132 billion during the twelve-month period under review, compared to exports of $758.91 million during July-June 2019-20.

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.

Fibre2Fashion News Desk (RKS)

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