Updated on : 11-10-2018
Exports grew 54.64 percent year-on-year to $3.15 billion in September, riding on higher garment shipments, according to data released by the Export Promotion Bureau on Monday.
This is the best growth in a single month in Bangladesh's history.
The receipt is 14.47 percent higher than the monthly target of $2.75 billion.
From July through September, garments exports, the mainstay of the economy, grew 14.66 percent year-on-year to over $8.19 billion, accounting for 82.40 percent of the total earnings.
Of the garment products, knitwear exports rose 12.27 percent to $4.20 billion and woven garments exports surged 17.3 percent to almost $4 billion.
“The export earnings declined in September last year due to 10-day holiday in August on occasion of Eid-ul-Azha. But in September this year, all export activities including shipping were going on full swing. That’s why exports saw a big jump,” said Faruque Hassan, senior vice president of BGMEA.
Bangladesh fetched $9.94 billion from exports in the first three months of this fiscal year. The figure is 14.75 percent higher compared with the same period a year ago.
|Govt works to increase women entrepreneurs: Tipu Munshi||Trade||2020-02-12 06:39:13|
|Bangladesh among top four countries in digital economy growth||Import/Export||2019-11-25 00:44:38|
|Discussion on to sign FTAs with Sri Lanka, Bhutan, Indonesia||Import/Export||2019-11-25 00:35:40|
|FTA being prioritized for trade expansion: Commerce Minister||Import/Export||2019-10-20 00:40:46|
|Export target $54bn for FY20||Import/Export||2019-08-07 13:28:42|