Bangladesh exports rise 20% in July

Exports grew about 20 percent year-on-year to $3.59 billion in July, riding on higher garment shipments, according to data released by the Export Promotion Bureau on Tuesday.

The receipt is 7 percent higher than the monthly target of $3.35 billion.

During the period, garments exports, the mainstay of the country’s economy, grew 22 percent year-on-year to $3.59 billion, accounting for 84.25 percent of the total earnings.

Of the garment products, knitwear exports rose 20.88 percent to $1.53 billion and woven garments exports surged 22.59 percent to $1.49 billion.

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