Bangladesh's Oct exports grow 20.6% YoY; Jul-Oct exports up 10.8%

11 Nov '24

1 min read

Bangladesh's Oct exports grow 20.6% YoY; Jul-Oct exports up 10.8%

Pic: Adobe Stock

Insights

Bangladesh's export earnings in October this year grew by 20.6 per cent YoY, fetching $4.13 billion.
From July to October this year, exports grew by 10.8 per cent YoY to reach $15.79 billion.
The readymade garments (RMG) sector contributed $12.81 billion to export earnings during the four-month period.
In October, the RMG sector generated $3.30 billion in export revenues—a 22.8 per cent YoY increase.

Bangladesh’s export earnings in October this year grew by 20.6 per cent year on year (YoY), fetching $4.13 billion, according to data released by the Export Promotion Bureau (EPB).

In the first four months of fiscal 2024-25 (FY25), i.e., from July to October, exports grew by 10.8 per cent YoY to reach $15.79 billion. The readymade garments (RMG) sector contributed $12.81 billion to export earnings during the period.

In October, the RMG sector generated $3.30 billion in export revenues—a 22.8 per cent YoY increase. Of that, knitwear contributed $1.86 billion—a 24.6-per cent YoY increase, while woven garments earned $1.44 billion—a 20.54-per cent increase, domestic news outlets reported.

Export revenue of leather and leather goods fell by 1 per cent YoY in October, totaling $83.2 million.

Fibre2Fashion News Desk (DS)

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