Bangladesh, which ranks second in the world in garment exports, once again witnessed a decline in garment exports.

According to data released by the Office for Export Promotion (EPB) on March 8, in February of this year, the country's apparel exports fell to approximately $ 2.6 billion from 2.8 USD billion of 1/2018.

According to statistics, total garment exports from the garment manufacturing center accounted for over 84.5% of total exports of Bangladesh. This figure is relatively higher when compared with the normal level, as garment exports account for 82 to 83 percent of the country's total export basket.

The latest data shows that knitted garments valued US $ 1.21 billion (46%), and woven garments accounted for US $ 1.38 billion (about 54%) of the export value. of the garment industry.

On a careful basis, total garment exports in the period of 7 / 2017-2 / 2018 reached $ 20.25 billion, up 8.68% over the previous year ($ 18.6 billion). The cumulative value exceeding the strategic export target set for the period 7 / 2017-2 / 2018 must reach $ 19.6 billion is 3.2%.

Bangladesh exports of $ 3.07 billion in February also surpassed the $ 3.03 billion export target of 1.39%, which is up 13.53% from the previous year's value of $ 2. , $ 7 billion).

Notably, in January of this year, garment exports reached $ 2.88 billion, almost the same level as in December 2017. Note that in September last year garment exports were down sharply to $ 1.62 billion before showing signs of recovery.

Source: www.agtek.org.vn