Readymade garment exports from Bangladesh in volume terms have increased over 58 per cent in the last fiscal year, but the value was affected by retailers’ low price offer and devaluation of euro. Export Promotion Bureau data reveals, the country exported 1.57 billion units of apparel products to global market in FY14/15 with 58.17 per cent rise from 993million units a year ago.
Of the total RMG exports, woven products were 757million units compared 485million in the previous year and knitwear products amounted to 815million units compared to 508.67million units a year ago. The value of total RMG exports last fiscal was $25.49 billion posting 4 per cent surge from the previous year’s $24.49billion.
Knitwear exports were valued at $12.43billion, up 3.13 per cent since the previous fiscal’s $12.05billion and the woven products $13.06 billion with 5 per cent growth over the previous year’s $12.44 billion.
A study by Mark Anner, Associate Professor at Penn State University, prices of men’s and boys’ cotton trousers exported to the US declined by 40.89 per cent over the last 14 years owing to companies cutting down the product prices sourced from Bangladesh. Bangladesh earns 60.28 per cent of its total RMG export figure from the EU market.
www.epb.gov.bd
