Country’s export earnings from the readymade garment sector, the lifeline of the economy, have seen a 15.65% rise to $17.08 billion in July-December period of the fiscal year 2018-19.
In July-December period of the current fiscal year, export earnings from the readymade garment sector went up by 15.65% to US$17.08 billion, which was US$14.77 billion in the same period last year, according to Export Promotion Bureau (EPB) data released today.
The sector has exceeded the export target set for the period. The earnings from the sector were 8.51% higher than the target of $15.74 billion set for the period.
Of the total amount, Knitwear products fetched $8.65 billion, which is 13.92% higher than the $7.59 billion in the same period a year ago. Woven products earned $8.43 billion, up by 17.48%, compared to $7.17 billion a year ago.
On the other hand, export earnings from the Jute & Jute goods declined by 26.66% to US$0.421 billion, which was US$0.574 billion in the same period last year.
So the jute sector could not catch the export target set for the period. The earnings from the sector were 19.44% lower than the target of 0.522 billion set for the period.
Now, let’s see what happen to the home textile, export earnings from the home textile increased by 0.3% to US$0.408 billion, which was US$0.407 billion in the same period last year.
This home textile sector could not catch the export target set for the period. The earnings from the sector were 9.68% lower than the target of 0.452 billion set for the period.
The government expects to bring in more than $60 billion by 2021 from exports. Garment manufacturers say apparel shipment should grow 12-15 percent a year to hit the $50 billion export target by 2021.
