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Export earnings register 11.92pc growth during Jul-May


Export earnings register 11.92pc growth during Jul-May

The country’s export earnings maintained its positive trend with a healthy 11.92 percent growth during the first eleven months (July-May) period of the current fiscal 2018-19 (FY19) totaling US$37,750.60 million.

The eleven-month export figure is also 6.64 percent higher than the strategic target of $35,400 million.

During the July-May period of the last fiscal, the export earnings were $33,728.82 million, local media reports mentioning the latest data of the Export Promotion Bureau of Bangladesh (EPB).

The EPB figures showed that the single-month export earnings notched a 14.78 percent growth in May this year totaling $3,813.37 million compared to $3,322.41 million fetched in May last year.

The single-month export earning is also 9.23 percent higher than the strategic target of $3,491 million.

The export target for the current fiscal (FY19) was earlier set at $39,000 million.

Bangladesh’s export sector is mainly RMG-based and the contribution of the RMG sector is increasing day by day. Side by side the business environment including power and energy situation has improved for which the export earnings have witnessed continued growth, said an expert.

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