Bangladesh’s exports grew 9.01 per cent year on year in May.
The main driver of the growth, garments exports, grew 9.77 per cent year on year in the first eleven months of the fiscal year. Knitwear exports rose 11.48 per cent and woven garment exports were up by 8.15 per cent.

Garment exports account for more than 80 per cent of national exports.

Earnings from garment export even crossed the 11 months’ target at 3.24 per cent.

Though Bangladesh’s garment exports are performing strongly in new markets like Japan, India, Russia, South Africa, Australia and Latin, exports to the US are declining as China, India and Vietnam are performing well in the US market.

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 have also benefitted from the depreciated exchange value of Bangladesh’s currency.

Cotton, cotton products, and yarn exports went up by 15.86 per cent in the July-May period. Earnings from jute and jute goods rose by 6.99 per cent. Home textile exports rose by 11.67 per cent, footwear by 2.55 per cent, furniture by 21.33 per cent, bicycles by 4.47 per cent and ceramic products by 10.92 per cent.