Bangladesh's apparel export value in Dec slipped YoY for three consecutive months

According to the latest data, Bangladesh's apparel export in Dec was 2.65 billion USD, down 9.7% year-on-year but up 8.4% month-on-month. Among them, the export value of knitted apparel was 1.39 billion USD, down 0.5% year-on-year but up 4.1% month-on-month, and the export of woven one was 1.26 billion USD, down 18.1% year-on-year but up 13.6% month-on-month. During Jan-Dec, Bangladesh's apparel export reached 27.47 billion USD, down 16.9% year-on-year. Export value of knitted apparel was 14.23billion USD, down 13.5% year-on-year and that of woven one was 13.24billion USD, down 20.4% year-on-year.

In Dec, Bangladesh's home textile export kept growing well and the value reached 97 million USD, up by 36.7% year-on-year and 2.3% month-on-month; in Jan-Dec, the cumulative export volume was 940 million USD, up by 15.2%year-on-year.

To sum up, Bangladesh's apparel export value performed modest, with a YoY decline in recent three months. Although the performance of knitted apparel was obviously better than that of woven one, the export of knitted apparel also shrank slightly in December compared with that in same period of last year, and the export of woven one decreased significantly. In December, the export of home textile market also performed well, and the YoY growth rate was lower than that of last month, but it still maintained a growth rate of 36.7%.