Economic Reporter :
Export earnings from service sector dropped more than 6 percent to $488m in the first two months of the current fiscal year, according to latest data released by the Export Promotion Bureau
The earnings amounted to $531.48m in the corresponding period.
However, the total export earnings of the country stood at $6.32bn with a 6.88 percent rise during the period, which was $5.91bn in the same period a year earlier.
As per the EPB data, the country earned $189m from goods and services export, which was the highest, $107.14m from while telecommunication, computer and information services, $66.18m transportation and $73.33m from business services.
In the last fiscal year, service sector earnings were not included in the export-earning figure.
Earlier, EPB has taken initiative to include it in the country’s total exports value.
The aim of the move is to include service sector in total export figure and give a real picture of the country’s overall earnings from export.
According to Bangladesh Bank data, in the last fiscal year, the country earned $3.19bn from service sector exports with 12.85 percent rise from the previous year’s $2.83bn.
The total export volume in the year was $34.25bn, growing 9.77 percent from a year earlier. In FY2014-15, the total earning amounted to $31.20bn.
After the inclusion, the total export volume in the last fiscal year stood at $37.3bn.
Bangladesh’s service sector earnings come from transportation of passengers and goods, freight, travel, business, communication, construction, insurance, financial services, computer and information services, royalties and licence fees, entertainment, cultural and recreation services and government services.
Export earnings from service sector dropped more than 6 percent to $488m in the first two months of the current fiscal year, according to latest data released by the Export Promotion Bureau
The earnings amounted to $531.48m in the corresponding period.
However, the total export earnings of the country stood at $6.32bn with a 6.88 percent rise during the period, which was $5.91bn in the same period a year earlier.
As per the EPB data, the country earned $189m from goods and services export, which was the highest, $107.14m from while telecommunication, computer and information services, $66.18m transportation and $73.33m from business services.
In the last fiscal year, service sector earnings were not included in the export-earning figure.
Earlier, EPB has taken initiative to include it in the country’s total exports value.
The aim of the move is to include service sector in total export figure and give a real picture of the country’s overall earnings from export.
According to Bangladesh Bank data, in the last fiscal year, the country earned $3.19bn from service sector exports with 12.85 percent rise from the previous year’s $2.83bn.
The total export volume in the year was $34.25bn, growing 9.77 percent from a year earlier. In FY2014-15, the total earning amounted to $31.20bn.
After the inclusion, the total export volume in the last fiscal year stood at $37.3bn.
Bangladesh’s service sector earnings come from transportation of passengers and goods, freight, travel, business, communication, construction, insurance, financial services, computer and information services, royalties and licence fees, entertainment, cultural and recreation services and government services.
