Bangladesh's apparel export value soared 571.8% year-on-year in Apr

According to the latest data, Bangladesh's apparel export value rose by 571.8% year-on-year in Apr, reaching 2.517 billion USD, up 2.5% month-on-month. The substantial yearly growth was mainly due to the outbreak of the overseas epidemic in April 2020, which caused lockdown and severe exports blocked. Compared with April 2019, the apparel export value dropped by 0.88%. On varieties front, the export value of knitted and woven apparel inched up by 2.2% and 2.9% month-on-month respectively, up 644.9% and 504.1% year-on-year. The export value of knitted apparel moved up by 4.5% and woven one declined by 6.4% year-on-year, indicating that the export of knitted apparel recovered to the level before the outbreak of Covid-19, while that of woven one was still recovering.

In terms of monthly changes, Bangladesh's apparel exports value gradually recovered on a month on month basis, and home textile export value still performed well but slightly declined month-on-month in April. In April, Bangladesh's home textile export value amounted to 110 million USD, up 386.5% year-on-year but down 4.5% month-on-month. It rose by 44.9% compared with that in same period of 2019.

In conclusion, the year-on-year Bangladesh's apparel exports value increased significantly in April, but what we should pay attention to is the recovery under the normalization of the epidemic. From the yearly and monthly changes, the growth of home textiles was obvious, the recovery of knitted apparel was faster than that of woven one, and the export value of woven apparel has improved in April.