Bangladesh's garment export income surpasses $12 bln in 2009-10 fiscal

Bangladesh in immediate past 2009-10 fiscal year (July 2009-June 2010) fetched over 12 billion U.S. dollars from garment exports, showed the official data Tuesday.

According to Bangladesh's Export Promotion Bureau data, export earnings from garments, including knitwear and woven, in 2009-2010 fiscal year stood at 12.50 billion U.S. dollars, an about 77.1 percent of the total export income of Bangladesh during the same period of the year.

In the last fiscal year, according to the EPB, knitwear garment export grew 0.84 percent to 6.48 billion U.S. dollars while woven garments increased 1.60 percent to 6.01 billion U.S. dollars, comparing with the same period of last fiscal.

Bangladesh set export target in 2009-10 fiscal at 17.60 billion U.S. dollars including 13.99 billion U.S. dollars from garment exports.

The country's export earning, however, in last fiscal year grew 4.11 percent to over 16.20 billion U.S. dollars compared to the same period of last fiscal year.

Source: Xinhua