Breaking News
Home | Business | RMG exports saw 12.82pc growths in 11 months

RMG exports saw 12.82pc growths in 11 months

WT24 Desk

Bangladesh’s export earnings from Ready-Made Garment (RMG) sector earned $31.73 billion in the first 11 months of the fiscal (July to May), up 12.82 per cent from the corresponding period of the last fiscal, when it was $28.12 billion, UNB reports.

According to the Export Promotion Bureau (EPB) data released on Monday, knitwear products earned $15.68 billion, which is 12.50 per cent higher than the $13.94 billion earned during the same period of FY2017-2018.

Besides, Woven products earned $16.05 billion, up by 13.13 per cent from $14.18 billion during the same period of the previous fiscal year.

The specialised textile sector saw a 33.79 per cent growth to $137.74 million from $103 million, while home textile products saw a negative growth of 2.69 per cent to $800 million, down from $825 million.

Meanwhile, agricultural products posted a sharp rise of 40.3 per cent growth to $854.46 million in the first eleven months of FY2018-19 from $609 million in the previous fiscal year.

However, the earnings from leather and leather goods witnessed a 5.53 per cent negative growth to $944 million during the period, down from $999 million during the same period of FY2017-2018.

Jute and jute goods also registered 20 per cent negative growth to $773.57 million, which was $967 million during the same period in the previous fiscal year.

However, Bangladesh’s exports shipments earned by 14.78 per cent to $3.81 billion in the eleventh month of the current fiscal year which was $3.32 billion in the same period a year ago.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Nissan plans to shed 10,000 jobs worldwide, reports claim

Cuts would be twice as many as the carmaker announced in May and will increase ...

China’s bank profits to hold steady in 2019: report

WT24 Desk BEIJIN) – Profits of China’s banking sector are expected to maintain steady this ...