Bangladesh exports rise 10.4% in January on garment sales

Reuters - Bangladesh’s exports rose 10.4% in January from a year earlier to $3.18 billion, driven by stronger sales of garments, official data showed on Monday.

Exports for July to January, the first seven months of the country’s 2015-16 financial year, rose 8.3% from a year earlier to $19.27 billion, the Export Promotion Bureau said.

Sales of garments, comprising knitwear and woven items, totalled $15.76 billion in July-Jan, up 9% from a year earlier.

Garments are a key foreign-exchange earner for the South Asian nation, whose low wages and trade deals with Western markets have helped make it the world’s second-largest apparel exporter after China.