November exports up 13.73pc as garment sales surge

Bangladesh’s exports rose 13.73 percent to $2.75 billion in November from a year earlier, driven by stronger garment sales, official data showed on Sunday.

Exports from July to November, the first five months of the country’s 2015-16 financial year, rmgbdrose 6.7 percent to $12.88 billion from a year earlier, the Export Promotion Bureau said.

Sales of garments, comprising knitwear and woven items, totalled $10.46 billion in July-to-November compared with $9.69 billion a year earlier.

Garments are a key foreign-exchange earner for the South Asian nation, whose low wages and trade deals with Western markets have helped make it the world’s second-largest apparel exporter after China.

  • – Reuters

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