As per data from Export Promotion Bureau, Bangladesh readymade garment exports declined by 3.73 per cent in the first eight months of fiscal 2020-21 compared on year-on-year basis.

Category-wise, knitwear exports increased by 4.06 per cent to $11.345 billion in July-February 2020-21, as against exports of $1.898 billion during the same period of the previous fiscal, reports SRTEPC.

However, exports of woven apparel decreased by 11.49 per cent to $9.691 billion during the period under review, compared to exports of $10.948 billion during the comparable period of 2019-20.

Woven and knitted apparel and clothing accessories’ exports together accounted for 81.32 per cent of $25.862 billion worth of total exports made by Bangladesh during the first eight months of the current fiscal.

Meanwhile, home textile exports increased by 38.92 per cent to $730.82 million during the eight-month period under review, compared to exports of $526.08 million during the corresponding period of the previous fiscal.

In the fiscal ending June 30, 2020, readymade garment exports from Bangladesh declined 18.12 per cent to $27.949 billion compared to exports of $34.133 billion in the previous fiscal, mainly on account of COVID-19 pandemic and lockdowns. For the current fiscal, the country has set an export target of $33.785 billion.