Bangladesh Sept exports soar 36 pct on garment sales | Reuters
Oct 9 (Reuters) - Bangladesh's exports rose 36.26 percent in September from a year earlier to $2.59 billion, boosted by stronger clothing sales, an export body said on Thursday, despite a spate of deadly accidents which have hit the country's multi-billion textile industry.
In the first quarter of the current financial year exports rose 21 percent to $7.63 billion from a year earlier, the Export Promotion Bureau said. Garments exports surged 24 percent to $6.2 billion in July-September.
Garment exports totalled $21.5 billion for the financial year that ended in June 2013, up 13 percent from a year earlier when total exports rose 11 percent to more than $27 billion.
Duty-free access to Western markets and low wages have helped make Bangladesh the world's second-largest apparel exporter after China, with 60 percent of the clothes made there going to Europe and 23 percent to the United States.
But the $20 billion industry, which supplies many Western brands, has been under a spotlight after a series of deadly incidents including the collapse of the Rana Plaza factory complex in April that killed more than 1,130 people. A fire at another factory last year killed 112 people.
(Reporting by Ruma Paul; Editing by Kim Coghill)
BD exports are going from strength to strength.
Oct 9 (Reuters) - Bangladesh's exports rose 36.26 percent in September from a year earlier to $2.59 billion, boosted by stronger clothing sales, an export body said on Thursday, despite a spate of deadly accidents which have hit the country's multi-billion textile industry.
In the first quarter of the current financial year exports rose 21 percent to $7.63 billion from a year earlier, the Export Promotion Bureau said. Garments exports surged 24 percent to $6.2 billion in July-September.
Garment exports totalled $21.5 billion for the financial year that ended in June 2013, up 13 percent from a year earlier when total exports rose 11 percent to more than $27 billion.
Duty-free access to Western markets and low wages have helped make Bangladesh the world's second-largest apparel exporter after China, with 60 percent of the clothes made there going to Europe and 23 percent to the United States.
But the $20 billion industry, which supplies many Western brands, has been under a spotlight after a series of deadly incidents including the collapse of the Rana Plaza factory complex in April that killed more than 1,130 people. A fire at another factory last year killed 112 people.
(Reporting by Ruma Paul; Editing by Kim Coghill)
BD exports are going from strength to strength.
