Exports in October post 20.60pc growth

Country’s export earnings in October witnessed a healthy growth of 20.60 percent fetching US$4.13 billion, up by $0.71 billion from $3.42 billion of the same month of the last year.

According to data released by the Export Promotion Bureau (EPB), in the first four months of the current fiscal year 2024-25, exports grew by 10.8 percent to reach $15.79 billion, up by $1.54 from $14.25 billion of the same period of FY24. Apparel sector contributes $12.81 billion.

In October, the readymade garment (RMG) sector, the country's highest export earner, generated $3.30 billion, with 22.8 percent increase from $2.68 billion in the equivalent period of FY24.

Of the $3.30 billion, knitwear contributed $1.86 billion, a 24.6 percent increase from $1.50 billion, while woven garments earned $1.44 billion, reflecting a 20.54 percent increase from $1.20 billion compared to the October of the last fiscal year.

Among other notable sectors, agriculture products experienced positive growth of 7 percent, reaching $113.1 million, up from $105.8 million in October FY24.

Leather and leather goods witnessed a slight decline of 1 percent, totaling $83.2 million, while the earnings were $84 million in October last year.

Source: BSS