Exports bounce back strongly in November

Bangladesh’s merchandise exports rebounded more strongly than expected in November after a drop in the previous two months, indicating a rise in global demand.

According to Export Promotion Bureau (EPB) data, the country’s exports rose to a record $5.09 billion in November, up over 26 percent from $4.04 billion in November last year.

Exports shrank 6.25 percent to $3.9 billion in September and $4.36 billion in October as shipments of apparel products declined along with some other key products that showed negative growth.

Also, November’s exports were 17 percent higher than the strategic target set by the commerce ministry, EPB data showed.

Overall exports for July-November of the current fiscal year stood at $21.95 billion, up 11 percent compared to the same period a year ago.