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Exports in November post 15.63pc growth


Exports in November post 15.63pc growth

Bangladesh's export earnings in November witnessed a healthy growth of 15.63 percent fetching US$4.12 billion, up by $0.56 billion from $3.56 billion in the same month of the last year. According to Export Promotion Bureau (EPB) data released on Wednesday (Dec 4), in the first four months of the current fiscal year 2024-25, exports grew by 11.76 percent to reach $19.91 billion, up by $2.1 billion from $17.81 billion of the same period of FY24.

In November, the readymade garment (RMG) sector, the country's highest export earner, generated $3.31 billion, with 16.25 percent increase from $2.84 billion in the equivalent period of FY24.

Of the $3.31 billion, knitwear contributed $1.74 billion, a 12.84 percent increase from $1.54 billion, while woven garments earned $1.57 billion, reflecting a 20.28 percent increase from $1.30 billion compared to November of the last fiscal year.

In November, the Home Textile sector generated $71.89 million, with 20.74 percent increase from $59.54 million in the equivalent period of FY24.

Of the $71.89 million, bed, kitchen and toilet lines contributed $36.93 million, a 10.47 percent increase from $33.43 million, while tents earned $12.98 million, reflecting a 64.93 percent increase from $7.87 million compared to the November of the last fiscal year.

Among other notable sectors, agriculture products experienced positive growth of 15.82 percent, reaching $109.9 million, up from $94.89 million in November FY24.

Leather and leather goods witnessed a slight decline of 0.35 percent, totaling $94.15 million, while the earnings were $94.48 million in November last year.

Primary commodities, including frozen and live fish and animal origin, experienced positive growth of 16.32 percent, reaching $156.64 million, up from $134.66 million in November FY24.

Ships, boats and floating structure witnessed a huge growth of 10,500 percent, reaching $2.12 million, up from $0.02 million in November FY24.

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