Economic Reporter :
Bangladesh’s overall export bounced back in August after a dip in July, driven by higher shipments of ready-made garments (RMG).
Export earnings totalled at $3.3 billion in August, a 20 per cent increase from a year earlier, according to an official figure released by Export Promotion Bureau Tuesday.
Exports had fallen 3.5 per cent to $2.5 billion in July due to slackening global demands.
Besides, overall exports during July-August, the first two months of the 2016-17 financial year, rose 8 per cent to $5.8 billion from a year earlier.
Of the total, the earnings from apparel items stood at $4.8 billion, up 8 per cent from a year ago period.
Terming the export growth ‘satisfactory’, Commerce Minister Tofail Ahmed said many people though that buyers’ would not come to Bangladesh after the Holey Artisan incident, but the latest figure of export proceeds did not prove it.
“The export earnings growth in July-August proved that Bangladesh was on right track and the export earnings would increase more in the coming days,” the minister told reporters after the release of export data.
Earnings from the country’s key sector, readymade garments, comprising knitwear and woven items, stood at $4.84 billion that marked an 8.0 per cent growth during the period.
Knitwear fetched $2.47 billion in July-August, recording 9.49 per cent growth compared to the corresponding period of last fiscal. It also surpassed the target by 3.97 per cent.
Earnings from woven items came to $2.37 billion, showing a 6.49 per cent growth. The earnings, however, fell short of target by 12.86 per cent set for the first two months.
The EPB data showed that leather and leather product exports in the July-August period of FY17 grew by 15.31 per cent to $226.74 million from $196.63 million in the same period of the last fiscal.
Earnings from leather footwear export in the two months of FY17 grew by 23.62 per cent to $120.59 million from $97.55 million in the same period of FY16 while the earnings from leather products increased by 18.96 per cent to $62.24 million.
Frozen food and fish exports in the July-August period of FY17 grew by 21.19 per cent to $89.51 million from $73.86 million.
Earnings from jute and jute goods in the two months of FY17 grew by 5.52 per cent to $140.75 million from $133.39 million in the same period of FY16.
Bangladesh’s overall export bounced back in August after a dip in July, driven by higher shipments of ready-made garments (RMG).
Export earnings totalled at $3.3 billion in August, a 20 per cent increase from a year earlier, according to an official figure released by Export Promotion Bureau Tuesday.
Exports had fallen 3.5 per cent to $2.5 billion in July due to slackening global demands.
Besides, overall exports during July-August, the first two months of the 2016-17 financial year, rose 8 per cent to $5.8 billion from a year earlier.
Of the total, the earnings from apparel items stood at $4.8 billion, up 8 per cent from a year ago period.
Terming the export growth ‘satisfactory’, Commerce Minister Tofail Ahmed said many people though that buyers’ would not come to Bangladesh after the Holey Artisan incident, but the latest figure of export proceeds did not prove it.
“The export earnings growth in July-August proved that Bangladesh was on right track and the export earnings would increase more in the coming days,” the minister told reporters after the release of export data.
Earnings from the country’s key sector, readymade garments, comprising knitwear and woven items, stood at $4.84 billion that marked an 8.0 per cent growth during the period.
Knitwear fetched $2.47 billion in July-August, recording 9.49 per cent growth compared to the corresponding period of last fiscal. It also surpassed the target by 3.97 per cent.
Earnings from woven items came to $2.37 billion, showing a 6.49 per cent growth. The earnings, however, fell short of target by 12.86 per cent set for the first two months.
The EPB data showed that leather and leather product exports in the July-August period of FY17 grew by 15.31 per cent to $226.74 million from $196.63 million in the same period of the last fiscal.
Earnings from leather footwear export in the two months of FY17 grew by 23.62 per cent to $120.59 million from $97.55 million in the same period of FY16 while the earnings from leather products increased by 18.96 per cent to $62.24 million.
Frozen food and fish exports in the July-August period of FY17 grew by 21.19 per cent to $89.51 million from $73.86 million.
Earnings from jute and jute goods in the two months of FY17 grew by 5.52 per cent to $140.75 million from $133.39 million in the same period of FY16.
