Bangladesh’s exports shipments picked up by 14.78% to $3.81 billion in May, the eleventh month of the current fiscal year.
According to the Export Promotion Bureau (EPB) data released yesterday, Bangladesh in May earned $3.81 billion, up by 14.78%, by exporting goods, which was $3.32 billion in the same period a year ago.
However, the export earnings during July-May of the current fiscal year registered an 11.92% growth to $37.75 billion, which was $33.72 billion a year ago.
The export earnings are 6.64% higher than the target of $35.40 billion set for the period.
The apparel sector, the largest contributor to the national exports, earned $31.73 billion, up by 12.82%, which was $28.12 billion in the same period of FY18.
Of the total export earnings by the apparel sector, knitwear products earned $15.68 billion, which is 12.50%% higher than the $13.94 billion earned during the same period of FY2017-18.
Woven products earned $16.05 billion, up by 13.13% from $14.18 billion during the same period of the previous fiscal year.
The specialized textile sector saw a 33.79% growth to $137.74 million from $103, while home textile products saw a negative growth of 2.70% to $800 million, down from $825 million.
“It is positive that the export earnings from the apparel sector is registering double digit growth. And it will continue as Bangladesh offers quality products at lower prices compared to other countries,” Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Vice President Md Moshiul Azam Shajal told Dhaka Tribune.
(Dhaka Tribune)
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