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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.

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