Bangladesh exports rose 10.8 percent in September to $720 million from $650 million a year earlier, officials said. The country exported $848.10 million worth of goods in August, officials with the Export Promotion Bureau (EPB) said.
"The higher growth in export earnings was mainly due to the volume of knitwear exports which increased by 25 percent," Fazlul Hoque, president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) told Reuters on Sunday.
Knitwear fetched $310.98 million as export revenue in September of the current fiscal, more than 25 percent higher than the corresponding period of the last year.
The country exported $905 million worth of goods in July, the first month of the current fiscal year, EPB officials said.
"Export of the knitwear products like sweater, t-shirts, under garments, socks to some major markets have increased substantially after the quota phase-out this year," Hoque said.
Apart from knitwear, export earnings from jute and jute goods, leather and leather products, chemical products and ceramic tableware also recorded growth in September, officials said.
But earnings from frozen food, electronics and pharmaceuticals had negative growth.
Like other countries, Bangladesh is monitoring how the expiry at the end of last year of World Trade Organisation (WTO) global quotas on apparel exports is impacting on its ready-made garments industry, which generates three quarters of its exports.
Bangladesh earned $6.42 billion from the textile sector in the year to end-June 2005, in which total exports rose 14.5 percent to $8.7 billion from $7.6 billion a year earlier.
Bangladesh has set an export earnings target of $10.11 billion for the year to June 2006, up 16 percent from a year earlier.
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