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Bangladesh exports rise 7.4 per cent in March

Increasing consecutively for the fifth month in a row, Bangladeshi exports increased 7.4 per cent in March compared to a year earlier and touched $2.59 billion owing to strong sales of ready-made garments. According to the Export Promotion Bureau, exports from July to March, the first three quarters of the financial year, rose about three percent from the same period, last year to $22.9 billion, 5 percent short of the target.

Sales of ready-made garments, comprising knitwear and woven items, totaled $18.63 billion in the July-March period, compared with nearly $18.05 billion a year earlier. However, despite being the second largest exporter after China, issues like political unrest and non-compliance are hindering the growth of exports industry in Bangladesh and players are unsure about achieving the set growth target.

Bangladesh's exports in the 2014-15 financial year are expected to increase 10 per cent from a year earlier to $33.2 billion. Garment exports for the current financial year have been targeted at $26.9 billion, up 10 percent from previous year's $24.5 billion when clothing sales surged 14 percent.

www.epb.gov.bd

 
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