Economic Reporter :
After a slump in September, Bangladesh’s export earnings have bounced back in October, topping expectations.
It earned over $2.84 billion last month, marking a nearly 6.5 percent growth year-on-year and around 6.3 percent more than the target set in the budget for the fiscal 2017-18, according to Export Promotion Bureau data released on Thursday.
In September, export earnings dropped to $2.03 billion, which is around 10 percent less than the same month last year. It also missed the target by 28 percent.
In July-October period, Bangladesh exported goods worth over $11.5 billion.
The amount is 7.03 percent more than $10.75 billion of the same period last year, but still 0.074 percent off the target.
The readymade garment sector, like before, drove the exports with a contribution of over $9.43 billion in the four months this year.
The government targets to export goods worth $37.5 billion in 2017-18 fiscal year.
Exports in the last financial year amounted to $34.59 billion, which was 3.39 percent more than the previous year, but still way short of the $37 billion target.
After a slump in September, Bangladesh’s export earnings have bounced back in October, topping expectations.
It earned over $2.84 billion last month, marking a nearly 6.5 percent growth year-on-year and around 6.3 percent more than the target set in the budget for the fiscal 2017-18, according to Export Promotion Bureau data released on Thursday.
In September, export earnings dropped to $2.03 billion, which is around 10 percent less than the same month last year. It also missed the target by 28 percent.
In July-October period, Bangladesh exported goods worth over $11.5 billion.
The amount is 7.03 percent more than $10.75 billion of the same period last year, but still 0.074 percent off the target.
The readymade garment sector, like before, drove the exports with a contribution of over $9.43 billion in the four months this year.
The government targets to export goods worth $37.5 billion in 2017-18 fiscal year.
Exports in the last financial year amounted to $34.59 billion, which was 3.39 percent more than the previous year, but still way short of the $37 billion target.
