"But the price of apparel did not increase in line with the hike in raw- material prices," he said, claiming that yarn prices rose by 80 per cent compared to last year's. Prices of raw materials, especially of yarn, also went up significantly following high prices of cotton and other logistic costs like container charges, he explained, adding that raw materials' price hike also pushed the price of locally made apparel items. "The country has witnessed a significant rise in work orders since last July, which continues to date and will continue in the coming months," he says on an upbeat note about prospect of the main export of Bangladesh that sees a trade upturn particularly for certain setbacks in competing countries.Īnd the robust bounceback is specially spurred by increased global demand fuelled by improving Covid situation in the western countries. Home-textile exports also recorded 16.52 per cent growth to $ 412.78 million during the first four months of the current fiscal year.Īsked about the turnaround, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) executive president Mohammad Hatem attributed country's export growth to RMG performance.
The sector's earnings also exceeded the set target by 12.41 per cent.Ī breakdown of the clothing-sector performance shows that knitwear subsector of RMG earned $7.21 billion from exports, registering a growth of 24.27 per cent.Įarnings from export of woven garments amounted to $5.41 billion in the last four months, up by 16.41 per cent. The country earned $10.45 billion from apparel exports in the corresponding period of FY'21. Out of the total $15.74 billion worth of export income during the July-October period, the RMG sector fetched $12.62 billion, recording a 20.78-per cent growth compared to the corresponding period of last fiscal. The overall export earnings also surpassed the set target by 13.33 per cent, according to EPB data. The July-October earning in 2020-21 fiscal year-which fell into full flash of the pandemic - was US$12.84 billion. In October '21, out of the $4.72 billion, the country fetched $3.56 billion from RMG exports.īesides, the overall merchandise exports during the first four months of the current fiscal year, 2021-22, also marked a growth of 22.62 per cent to $15.74 billion. This past October earnings also overshot the target set for the month by 36.47 per cent.
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