Bangladesh gar­ment ex­port rise in July-Au­gust 2017

Apparel Online - - Trade Statistics -

Bangladesh’s ready­made gar­ment ex­ports achieved a sub­stan­tial growth in all its ma­jor ex­port des­ti­na­tions, in­clud­ing the Euro­pean Union, the US and Canada in the first two months (July and Au­gust) of the cur­rent fis­cal year 2017-18.

Ac­cord­ing to the EPB, Ger­many has out­stripped the US to be­come Bangladesh’s big­gest ap­parel ex­port des­ti­na­tion in the last two months. The ex­port has grown by 9.72 per cent to US $ 992.39 mil­lion from US $ 904.4 mil­lion in the same pe­riod of FY 2016-17.

The ex­port earn­ings, how­ever, from the Asian coun­tries in­clud­ing China, Ja­pan and In­dia de­clined in the re­port­ing pe­riod.

Gar­ment ex­porters and busi­ness ex­perts main­tained that the growth rate has been sat­is­fac­tory so far and Bangladesh is en­joy­ing ben­e­fits of the re­cent re­bound of the Euro against the Amer­i­can dol­lar. Though the Chi­nese mar­ket is a promis­ing one for Bangladesh’s ap­parel in­dus­try, it has been fail­ing to gain mar­ket share there due to lack of com­pet­i­tive­ness. Viet­nam is, how­ever, gain­ing mar­ket share rapidly, they added.

RMG ex­port earn­ings from China in July-Au­gust pe­riod of the FY 2017-18 fell by 6.80 per cent to US $ 62.38 mil­lion from US $ 66.94 mil­lion in the same pe­riod of FY 2016-17. Mean­while, earn­ings from the ready­made gar­ment ex­port to the US mar­ket in the first two months of the FY 2017-18 grew by 9.62 per cent to US $ 990.81 mil­lion from US $ 903.89 mil­lion in the same pe­riod of the FY 2016-17. Ap­parel ex­port to the UK, the 3rd largest ex­port des­ti­na­tion for Bangladesh, rose to US $ 733.78 mil­lion from US $ 567.17 mil­lion with 29.38 per cent growth dur­ing the pe­riod.

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