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Exports in November post 15.63pc growth

Exports in November post 15.63pc growth

Staff Correspondent

The country's export earnings in November witnessed a healthy growth of 15.63 percent fetching US$4.12 billion, up by $0.56 billion from $3.56 billion in the same month of the last year.

According to Export Promotion Bureau (EPB) data released today, in the first four months of the current fiscal year 2024-25, exports grew by 11.76 percent to reach $19.91 billion, up by $2.1 billion from $17.81 billion of the same period of FY24.

In November, the readymade garment (RMG) sector, the country's highest export earner, generated $3.31 billion, with 16.25 percent increase from $2.84 billion in the equivalent period of FY24.

Of the $3.31 billion, knitwear contributed $1.74 billion, a 12.84 percent increase from $1.54 billion, while woven garments earned $1.57 billion, reflecting a 20.28 percent increase from $1.30 billion compared to November of the last fiscal year.

In November, the Home Textile sector generated $71.89 million, with 20.74 percent increase from $59.54 million in the equivalent period of FY24.

Of the $71.89 million, bed, kitchen and toilet lines contributed $36.93 million, a 10.47 percent increase from $33.43 million, while tents earned $12.98 million, reflecting a 64.93 percent increase from $7.87 million compared to the November of the last fiscal year.

Among other notable sectors, agriculture products experienced positive growth of 15.82 percent, reaching $109.9 million, up from $94.89 million in November FY24.

Leather and leather goods witnessed a slight decline of 0.35 percent, totaling $94.15 million, while the earnings were $94.48 million in November last year.

Primary commodities, including frozen and live fish and animal origin, experienced positive growth of 16.32 percent, reaching $156.64 million, up from $134.66 million in November FY24.

Ships, boats and floating structure witnessed a huge growth of 10,500 percent, reaching $2.12 million, up from $0.02 million in November FY24.

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