Bangladesh has posted around 11.6 percent growth in the ten months of the 2018-19 fiscal year on the back of strong earnings from the apparel sector.
The export earnings from July 2018 to April 2019 of the financial year stood at around $33.93 billion, according to Export Promotion Bureau data.
The figure exceeded the projection of $31.9 billion by 6.36 percent and the exports of the same period last fiscal year by 11.61 percent, according to the bureau.
Single-month export earnings in April 2019 were $3.03 billion compared to $2.95 billion the same mont in the last fiscal year.
Bangladesh had set a target of $39 billion in exports for the ongoing 2018-19 fiscal.
The growth in exports was spurred by readymade garments, which usually accounts for 80 percent of the export earnings. The apparel sector fetched $28.49 billion in the first ten months of the fiscal, registering a 12.59 percent growth.
Woven garments earned $14,405.76 million, marking 12.85 percent growth.
Export of home textiles fell by 3.74 percent to stand at $723.59 million while leather footwear exports earned $491.05 million, primary commodities $1.23 billion, including frozen and live fish $446.48 million, shrimps $318.43 million and agricultural products $790.90 million.
Leather and leather goods fetched $837.07 million while cotton and cotton products together earned $124.83 million, plastic products $ 100.35 million and rubber exports $21.17 million.