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.
The Business Standard Google News Keep updated, follow The Business Standard's Google news channel
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.