Wires

Bangladesh exports rose 31 pct yr/yr in September

DHAKA, Oct 9 (Reuters) - Bangladesh's exports rose inSeptember for the third month in a row thanks to improvinggarment orders, official data showed on Tuesday.

Exports jumped 31.3 percent in September from a year earlierto $1.9 billion, the Export Promotion Bureau said. Total exportsfor July-September, the first quarter of Bangladesh's financialyear, were up 2.1 percent to $6.29 billion.

From March through June, Bangladesh's monthly exports werelower than the previous year.

In September, exports of ready-made garments were $1 billionin September, compared with $995 million in the same month of2011. For the three months ended in September, garment exportstotalled $4.99 billion, 3.8 percent more than a year earlier.

Garment orders were slowly picking up from buyers such asthe United States, China and Japan, said Anwar-Ul-AlamChowdhury, former president of the Bangladesh GarmentManufacturers and Exporters Association (BGMEA), whichrepresents the country's 4,500 garment factories.

However, he said garment exports in the current fiscal yearwill be less than 10 percent higher than a year earlier due tothe slowdown in global economy.

For the financial year ended June 30, garment exports rose6.6 percent to $19 billion while total exports increased 5.9percent to $24.3 billion - short of a government's $26.5 billiontarget as garment demand from key Western markets waned.

The government set an export target of $28 billion for thefiscal year that began on July 1.

In recent years, there's been a dramatic shift in globalgarment orders from China to lower-cost Bangladesh, whosegarment factories employ around 4 million workers, mostly women.

Bangladesh's low labour costs have helped it join the globalsupply chain for low-end clothing, making garments for companiessuch as H&M , Tesco , JC Penney ,Wal-Mart , Kohl's , Marks & Spencer andCarrefour .

(Reporting by Ruma Paul; Editing by Richard Borsuk)

((ruma.paul@thomsonreuters.com)(+880 2 8330123)(ReutersMessaging: ruma.paul.thomsonreuters.com@reuters.net))

Keywords: BANGLADESH EXPORTS/