According to Export Promotion Bureau, Bangladesh’s exports have increased 12.7 per cent in December 2015, from a year earlier to US $ 3.2 billion. The surge has been attributed to increase in sales of readymade garment, comprising knitwear and woven items, totalled at US $ 13.13 billion in the July-December period, up 9.2 per cent from a year earlier period.
Recently only, earnings from export of garment items touched US $ 26.26 billion between January and November, 2015, which is the highest-ever export earnings recorded by the Bangladesh RMG sector at any given time. RMG products are a key foreign-exchange earner for Bangladesh, whose low wages and trade deals with Western markets have helped make it the world’s second-largest apparel exporter after China.
In the month of November last year, Bangladesh noted increase in exports of 13.73 per cent. In the July-November period, sales of garments, comprising knitwear and woven items, totalled at US $ 10.46 billion, compared with US $ 9.69 billion a year earlier.
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The report shows good signs for Bangladesh as the country’s exports have struggled in the past due to workplace safety issues. The surge in exports will attract more buyers to Bangladesh, which is further expected to boost country’s economy.
