RMG exports saw 12.82pc growth in 11 months

Staff Correspondent:The country’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.

According to the Export Promotion Bureau (EPB) data released on 10 June, the RMG export was $28.12 billion. It said the 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 specialized 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.