Dhaka,   Thursday 26 December 2024

Bangladesh’s exports see 15.63% growth in November

Published: 18:36, 4 December 2024

Bangladesh’s exports see 15.63% growth in November

Staff Correspondent, Dhaka

Bangladesh's exports rose by 15.63% year-on-year in November, driven largely by an increase in shipments of ready-made garments, according to data released by the Export Promotion Bureau (EPB) today (4 December).

The country's export earnings reached $4.12 billion in November, representing a $556 million increase compared to the same month last year.

Garment exports recorded a 16.25% increase compared to the same month last year, with an export earning of $3.3 billion.

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Beyond the garment sector, other industries also experienced notable growth. Exports of frozen and live fish rose by over 15%, agricultural products by nearly 16%, pharmaceuticals by over 52%, plastic products by 32.57%, home textiles by nearly 21%, and jute and jute goods by nearly 6%.

Despite the positive figures, November's overall export growth was lower than October's, which had seen nearly a 21% year-on-year increase, EPB data revealed.

In November, exports of ships, boats and floating structures rose by a staggering 10,500%, compared to the same period last year.

Also, exports of animal origin products rose by 125% and printed materials 120% in November, compared to the same month last year.

Meanwhile, glass and glassware exports decreased by 65% in November, compared to the same period last year.

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