A worker is working at a RMG factory in Bangladesh. Photo: BBN

Dhaka, Bangladesh (BBN)– Bangladesh export earnings grew by 6.86 per cent in the first five months of the ongoing fiscal year (FY) due to higher shipment of apparel products in the global market.

Earnings from merchandise shipment rose to $14.56 billion during the July-November period of the FY 18 from $13.62 billion in the same period of last fiscal, according to the state-run Export Promotion Bureau (EPB) latest statistics.

In November, the export earnings grew by 6.22 per cent to $3.05 billion from $2.87 billion in the same month of 2016, the data showed.

Earnings from the readymade garment (RMG) export during the period stood at $11.96 billion, marking a 7.46 per cent growth over the corresponding period of FY17.

Export earnings from the woven increased by 3.99 per cent to $5.71 billion from $5.49 billion in the same period of the last fiscal while the knitwear export earnings rose by 10.86 per cent to $6.24 billion from $5.63 billion.
Though export earnings from woven items fell short of target by 1.53 per cent, knit items surpassed the target by 7.25 per cent.


Export earnings from jute and jute goods in the first five months of this fiscal increased by 16.51 per cent to $451.16 million from $387.23 million in the same period of FY17.

Agricultural products registered a 17.77 per cent growth with earnings of $259.65 million in the same period of FY 2017-18.

Export earnings from home textiles during the period surged by 19.18 per cent to $331.04 million.
Exports of leather and leather products witnessed a negative growth of 2.95 per cent to $518.15 million, compared to $533.91 million in the same period of FY17.

Leather footwear exports, however, jumped by 8.55 per cent to $252.81 million during the period.

Exports of frozen foods and live fish stood at $272.40 million, marking a 10.78 per cent growth, during the period under review.

BBN/SSR/AD