Bangladesh exports soar 55% to $3.15 billion in September

Bangladesh’s exports have made a robust growth in September, the third month of fiscal 2018-19.

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.