RMG exports rises 19% in July- Oct’13

The exports of readymade garments from Bangladesh rose by nearly 19 percent year-on-year in the July-October 2013 period, according to the data released by the Export Promotion Bureau (EPB).

From July to October 2013, Bangladesh’s exported knitwear worth US$ 4.022 billion, showing an increase of 17.85 percent over exports of US$ 3.412 billion made during the corresponding period of last year. Similarly, the country exported woven garments worth US$ 3.864 billion during the four-month period, registering a rise of 20.07 percent over exports of US$ 3.218 billion made during the same period last year, the data showed. Meanwhile, exports of specialized textiles, including terry towel, special woven fabric and knitted fabrics, earned US$ 40.45 million for Bangladesh during the period under review, almost same as the amount earned during the corresponding period of previous year. However, home textiles’ exports from Bangladesh 6.04 percent year-on-year to US$ 243.34 million during the first four months of the current Bangladeshi financial year. Jute and jute goods’ exports also witnessed a dip of 20.66 percent year-on-year, and fetched US$ 262.14 million in foreign exchange for Bangladesh, during the period under review. Cotton and cotton products, including yarn, waste and fabrics, exports during July-October period were valued at US$ 38.59 million, recording a decline of 4.90 percent year-on-year. Compared to garment exports of US$ 21.516 billion made in 2012-13, Bangladesh has set a target of US$ 24.15 billion for 2013-14.