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Friday 6 November 2015

Exports go up 21pc in October

Star Business Report

Exports rose 21.15 percent year-on-year to $2.37 billion in October on the back of improved garment shipments, the country's largest foreign currency earner, the Export Promotion Bureau said.
The EPB's data for October, released yesterday, also reflects a rebound in exports from September, driven by recovery in overseas sales of knitwear items.
There was, however, a decline in trade for most other major exportable items like shrimp, jute yarn, twine and jute bags, leather and footwear.
In the July-October period of fiscal 2015-16, exports rose 5 percent year-on-year to $10.13 billion, according to the EPB.
Shipments of woven garments grew to $4.06 billion, a 10 percent rise year-on-year, in July-October.  Exports of knitwear increased 2.7 percent to $4.17 billion during the period compared to the same period a year ago.