Exports make robust growth in September

FE Online Desk | Published: October 08, 2018 20:47:50 | Updated: November 04, 2018 21:35:07


The surge in garment exports has pushed the country's single-month earnings to hit a record 54.64 per cent growth in September 2018.

The export earnings reached $3.14 billion in September, the third month of current fiscal (2018-19). The country fetched $2.03 billion during the corresponding period of previous fiscal.

According to the data released by the Export Promotion Bureau on Monday, the earnings also surpassed the target set for the month by 14.74 per cent.

As per a bdnews24.com report, this is the best growth in a single month in Bangladesh's history. The receipt is 14.47 per cent higher than the monthly target of $2.75 billion.

From July through September, garments exports grew 14.66 per cent year-on-year to over $8.19 billion, accounting for 82.40 per cent of the total earnings.

Of the garment products, knitwear exports rose 12.27 per cent to $4.20 billion and woven garments exports surged 17.3 per cent to almost $4 billion.

Senior vice president of BGMEA Faruque Hassan said 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,” he added.

Bangladesh fetched $9.94 billion from exports in the first three months of this fiscal year. The figure is 14.75 per cent higher compared with the same period a year ago.

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