DHAKA :  Driven by ready-made garments, Bangladesh’s exports in the first month of the current 2012-13 fiscal year ending next June surged 24 percent to over $3b, said an official on Monday. The EPB official told Xinhua that “export performance for July was $3,024.29m, 23.99 percent higher than that in the same month a year ago.” The official who preferred to be unnamed said Bangladesh’s July export earnings were also 12.17 percent higher than the $2,696.2 million target set for the last month.

Of the total earnings, he said the South Asian country’s income from ready-made garment items, including knitwear and woven, stood at about $2.51 billion in the last month of the current fiscal year (July 2013-June 2014).

The EPB data showed knitwear garment export grew 25.24 percent to $1.253 billion while woven garments increased 27.02 percent to $1.262 billion comparing with the same period of last fiscal year.

It showed Bangladesh’s export income in the past 2012-13 (July 2012-June 2013) fiscal year grew 11.18 percent year on year to reach $27.018 billion, falling short of the projected target by 3.51 per cent .

The export growth in 2012-13 fiscal year was also attributed to demand for its ready-made garments in key global markets, which remained unaltered despite April’s worst ever industrial tragedy.