Garment exports grew by 22.11 percent to $2.53 billion in May
compared to that in the previous month, on the back of higher demand for
garment items, jute and jute goods.
In April export was recorded at $2.07 billion.
It however was still 3.54 percent less than the targeted at $2.63
billion export, according to data from the state-owned Export Promotion
Bureau (EPB).
In year-on-year comparison, export earning recorded at 15.43 percent
rise in the month of May compared with the corresponding period of last
May, the data showed.
Vice-chairman of EPB Shubhashish Bose attributed the export growth to
rising export trend to new destinations, export diversification and
price competitiveness compared with other peer countries.
“The trend is still good, despite some odds like hartals and building
collapse. I hope the export will also increase in June,” Bose by phone.
The periodic data also showed a positive growth trend. During
July-May period of the current fiscal year (2012-13) country’s exports
grew by 10.67 percent to $24.32 billion compared with the same period of
the last fiscal. The target for July-May period was fixed at 25.16
billion, the data showed.
Of the major products, Bangladesh exported knitwear worth $9.40
billion and woven garments worth $9.92 billion in the July-May period
registering a year on year growth at 9.56 percent and 14.10 percent.
During the July-May period, Bangladesh exported jute and jute goods
worth $947.91million against the periodic target at $972.80 million
registering at growth at 6.57 percent from the corresponding period of
last fiscal.
The bad impact of political violence and some accidents in the
garment sector could be understood at least three months later, said
Atiqul Islam, president of Bangladesh Garment Manufacturers and
Exporters Association (BGMEA), garment makers’ platform,
The international buyers are now negotiating the prices now for the next spring season.
“We are expecting a stable situation after the next general election,” he added.
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