September-2009

 

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Growth in garments exports

Despite a sluggish export performance of several major products in Bangladesh, overall exports were recorded at moderate levels, mainly earnings from the woven and knitwear sectors. Woven garments take up over 80% of export, and posted 14.5% growth in the fiscal year, fetching $5.9 billion. Export figures also exceeded the $5.7 billion target by 4.13% in fiscal 2008-09. Earnings from the sector were $5.2 billion in fiscal 2007-08.

In fiscal 2008-09, knitwear sector fetched $6.4 billion, 16.21% rate of growth over the pervious year's earnings of $5.5 billion. But the sector's earnings dropped 2.35% short of the $6.6 billion export target. In fiscal 2008-09, terry towels and handicrafts, achieved export growth, exceeding targets. Meanwhile, footwear, home textiles, textile fabrics and agricultural products posted growth, but fell short of targets set by the government.

 
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