Export earnings grew by 15 per cent year-on-year to $3.98 billion in July, the first month of the current fiscal year.

The July earnings figure is 1.65 per cent higher than the monthly target of $3.92 billion, according to data released by the Export Promotion Bureau (EPB) today.

The earnings grew mainly due to increased shipment of garment items, which typically contribute 84 per cent in the national export.

In July, garments export grew by 16.61 per cent year-on-year to $3.36 billion, the data also said.