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Bangladesh's July-October exports hit nearly $11 billion

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Staff Writer | November 8, 2016
Boosted by ready-made clothing sales, Bangladesh's total goods export income in the first four months of the current fiscal year (July 2016-June 2017) grew about 7 percent year on year to nearly $11 billion.
Bangladesh exports
Trade   The Export Promotion Bureau:
The Export Promotion Bureau (EPB) official told Xinhua that the country fetched a total of $10,791.65 million from exports during July-October compared to $10,130.49 million in the same period a year earlier.

Bangladesh shipped goods worth $2.71 billion in October, the 4th month of the current fiscal year 2016-17, which was about 14.39 percent higher than the same month a year ago, said the official who preferred to be unnamed.

The export growth in the first 4 months of the fiscal year was attributed to demand for the country's ready-made garments in key global markets.

The export earnings, however, fell short of target of 11,584 million set for the period, said the official.

Bangladesh set its export target for the whole 2016-17 fiscal year at $37 billion, including about $30.38 billion from readymade garment products, the EPB data showed.

In the July-October period, Bangladesh earned $8.82 billion from garment exports with knitted items such as T-shirts growing 8.75 percent and woven items such as jeans rising 5.37 percent.

During the period, he said knitwear garment export stood at $4,535.14 million dollars while income from woven garments reached $4,286.30 million.