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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