Bangladesh April exports up 11.8 pct y/y on garment sales

Submitted by admin on 5 May 2016

Source: Reuters

May 5 Bangladesh's exports in April rose 11.82 percent from a year earlier to $2.68 billion, led by stronger sales of garments, official data showed on Thursday.

Exports for July to April, the first 10 months of the country's 2015-16 financial year, rose 9 percent from a year earlier to $27.6 billion, the Export Promotion Bureau said.

Sales of garments, comprising knitwear and woven items, totalled $22.6 billion in July-April, up 10 percent from a year earlier.

Garments are a key foreign-exchange earner for the South Asian nation of 160 million, whose low wages and trade deals with Western markets have helped make it the world's second-largest apparel exporter after China. (Reporting by Ruma Paul; Editing by Jacqueline Wong)