Exports rebounded in the month of November, propelled by a pick-up in garment exports.
Last month, exports raked in $2.42 billion, up 9.5 percent year-on-year, according to data from the Export Promotion Bureau. The figure also surpassed the monthly export target by 5.68 percent. Export receipts in October were $1.96 billion.
Garment products, which typically account for the bulk of export receipts, brought in $1.94 billion in November, up 10.22 percent year-on-year but down 3 percent from the previous month.
Worryingly, garment exports in the first five months of the fiscal year appear to be below the target: between July and November, $9.69 billion was earned against the target of $10.32 billion.
Leather and leather products, a promising export opening, raked in $463.12 million in the first five months of fiscal 2014-15, up 4.15 percent but fell short of its target for the period.
Jute and jute goods appear to be doing well by its standards. The sector earned $348.64 million between July and November, a 4.89 percent rise year-on-year and 8.8 percent over its export target.
Shrimp exports, often susceptible to price fluctuations, fetched $276 million in overseas sales in the first five months, which, although exceeded the target by $32.22 million, is a decline of 4.55 percent over previous year's.