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Export earnings witness over 51pc growth in April


Export earnings witness over 51pc growth in April

Bangladesh has earned $4.73 billion through exports in April, registering a 51.18pc year-on-year growth, according to recent data by the Export Promotion Bureau (EPB). In the same period last year, Bangladesh bagged $3.13 billion from export earnings.

Moreover, during the July-April period of the current fiscal year 2021-22 (FY22), export earnings posted a 35.14pc rise to $43.34 billion.

In the first 10 months of the last FY21 fiscal, the country had earned export earnings of worth $32.07 billion.

In April, readymade garments exports, the major earner, grew 56.31% to $3.93 billion, of which $2.12 billion came from knitwear shipment, up 58.2% YoY, and $1.81 billion from woven exports, an increase of 54.14%.

In April last year, Bangladesh exported RMG worth $2.51 billion, $1.34 billion from knitwear, and $1.17 billion from woven.

However, in the first 10 months (July-April) of the current fiscal, the apparel sector registered a YoY growth of 35.98% to $35.36 billion. In FY21, the sector had brought in $26 billion.

Among apparel products, knitwear registered a growth of 37.49% to $19.24 billion, while woven garments saw a growth of 34.23% to $16.1 billion, said the EPB data.

According to EPB data, home textiles, a new player in the export basket, registered a growth of 39.13% to $1.33 billion, which was $956.93 million in the same period of the last FY.

Among other notable sectors, during the same period, agricultural products registered a growth of 26.29% to $1.04 billion, from $824.59 million in the last fiscal year.

The product touched the milestone of $1 billion export earnings in the first 10 months of the running FY.

Leather and leather goods registered a growth of 32.97% to $1.01billion, which was $760.92 million in the same period of the last FY.

The product also touched the milestone of $1 billion export earnings in the first 10 months of the running FY.

Engineering products, another promising export sector of the country, marked a growth of 54.7% to $674.11 million from $435.74 million last year.

However, similar to past months, jute and jute products registered a fall of 6.68% to $966.51 million, which was $1.03 billion in the same period of the last FY.

– Source: BSS

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