Dhaka, Bangladesh (BBN)– Bangladesh’s apparel exports increased by 7.08 per cent in the first four months of the current fiscal year (FY) 2016-17 as entrepreneurs able to improve both productivity and quality of their products.
Woven garment exports increased by 5.37 per cent to $4.29 billion during the period under review from $4.07bn in the same period of the last fiscal while Knitwear exports increased by 8.75 per cent to $4.53bn from $4.17 billion, according to statistics from the state-run Export Promotion Bureau (EPB).
“The actual price of garment items declined worldwide, which prompted Bangladeshi garment makers to improve their productivity with quality of products,” an exporter explained.
He also urged the government for taking effective efforts to improve infrastructure, efficient port operations and ensuring adequate supply of gas and power to the factories to facilitate the overall productions.
Earnings from home textiles export fell by 1.55 per cent to $216.66 million during the period under review, which was $220.08 million in the corresponding period of the last fiscal.
Jute and jute goods recorded a 4.15 per cent growth to $296.26 million in the July-October period of FY 2016-17 from $284.46 million in the same period of FY16.
Export earnings from leather and leather products in the first four months of current fiscal grew by 19.45 per cent to $428.51 million which was $358.73 million in the same period of last fiscal.
Leather footwear export increased by 19.92-per cent to $191.33 million during the July-October period of current fiscal year.
Frozen and live fish exports grew by 9.94 per cent to $196.61 million, which was $178.83 million in the same period of the last fiscal.
Agricultural products witnessed 1.33 per cent negative growth with earnings of $169.03 million during the first four months of current fiscal.
BBN/SSR/AD