Garment boom boosts Bangladesh's Q1 export earnings

Source: Xinhua| 2018-10-23 18:45:21|Editor: Lu Hui
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DHAKA, Oct. 23 (Xinhua) -- Bangladesh's overall export earnings in September this year registered an astonishing growth of 54.64 percent, an official said Tuesday.

The Export Promotion Bureau (EPB) official who did not like to be named told Xinhua that the country shipped goods worth 3.15 billion U.S. dollars in September, the 3rd month of the current fiscal year 2018-19 (July 2018-June 2019), which is 1,111.45 million U.S. dollars more than that of September last year.

Quoting the EPB data, he said Bangladesh's total export earning in the first quarter of the current 2018-19 fiscal year grew 14.75 percent year on year to 9.94 billion U.S. dollars.

The official said overall export growth surged on the back of hefty garment exports.

Of total earnings, the EPB data showed Bangladesh's income from ready-made garment items, including knitwear and woven, stood at 8.19 billion U.S. dollars during July-September period of the current fiscal year.

In the first quarter of the current 2018-19 year, the EPB data showed knitwear garment export growth increased 12.27 percent to 3.86 billion U.S. dollars while woven garments grew 17.30 percent to 3.96 billion U.S. dollars, comparing with the same period of last fiscal year.

Bangladesh set its export target in 2018-19 fiscal year at 39 billion U.S. dollars including 32.69 billion U.S. dollars from readymade garment products.

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