Bangladesh’s garment exports grew 9.37 per cent year-on-year in the first ten months of the fiscal year.Knitwear exports rose 11.43 per cent and woven garments exports were up 7.42 per cent.

The shipment of garments, which account for more than 80 per cent of national exports, grew because of the increased sales of high-value items and the depreciation of the local currency against the dollar.

The industry is confident of achieving more than ten per cent garment export growth at the end of the fiscal year as the trend in the international market shows very bright prospects.

The country’s garment factories are full of orders from international retailers and brands, thanks to the massive progress in workplace safety carried out by Accord and Alliance.

Exporters also benefitted from the depreciated exchange value of the currency.

Meanwhile frozen and live fish exports grew 2.32 per cent. Shipment of agricultural products such as fruits and spices was up 16.77 per cent. Cotton, cotton products, and yarn exports went up by 19.01 per cent. Jute and jute goods exports rose 7.66 per cent. Home textile export rose 13.07 per cent, footwear 5.29 per cent and furniture 21.86 per cent.

On the other hand, exports of plastic goods fell 19.92 per cent. Exports of leather and leather goods sector also fell 10.02 per cent.