Bangladesh’s earnings from garment shipments were 9.80 per cent higher than a year earlier.
Reasons include increased sales of high-value items and the depreciation of the local currency against the dollar.

So far, Accord and Alliance have completed 90 per cent of the remediation works in 2,200 of their sourcing factories in Bangladesh. As a result of the efforts, garment factories can now confidently chase larger work orders from western retailers.

The country’s garment products are performing well in new markets like Japan, India, Russia, South Africa, Australia and Latin America.

Both the leather and jute sectors look set to cross the billion dollar mark in export receipts this fiscal year. Leather and leather goods are Bangladesh’s second largest export earner after garments.

Earnings from jute and jute goods in the July-May period rose 6.99 per cent from a year earlier. Home textile exports rose 11.67 per cent and agricultural products 18.09 per cent.Footwear exports increased 2.55 per cent, furniture 21.33 per cent and bicycle 4.47 per cent. Earnings from cotton, cotton products and yarn exports went up 15.86 per cent in the period.