DHAKA: Readymade garment exports of the country in the July-March period of the current fiscal year, rose by 3.18 per cent to US$ 18.62 billion against the last year export value of $18.05 billion.

According to data from the Export Promotion Bureau (EPB), this figure is 4.72 per cent less than that of the target of $19.55 billion set for the first nine months of the current fiscal year.
 
During the July-March period, knitwear export earnings stood at $9.07 billion with a rise of 2.7 per cent over the previous year’s earning of $8.83 billion, reports the fibre2fashion.com.

Woven products earned $9.56 billion, up 3.64 per cent over last year’s figure of $9.22 billion.
 
For the fiscal year 2014-15 the government has set an export target of $26.9 billion from the readymade garments sector, of which $13.215 billion is for knitwear and $13.681 billion for woven garments.
 
The EPB data showed that the country earned over $22.9 billion in overall exports, posting a 2.98 per cent growth in first nine months of the current fiscal year over the same period earning of $22.24 billion last year. But the earning fell short by 5 per cent to reach the target of $24.12 billion set for the period.
 
In March, the country earned $2.59 billion, which was 7.43 per cent higher compared to the same period last year. But the figure is 8.97 per cent less than the target of $2.84 billion.
 
In fiscal year 2013-14, country’s clothing exports surged by 13.83 per cent to $24.491 billion, compared to exports of $21.515 billion in 2012-13.

BDST: 1752 HRS, APR 09, 2015
RS