RMG workers in a Bangladesh factory. BBN file photo.
Dhaka, Bangladesh (BBN) - Bangladesh’s export earnings grew by nearly 7.0 per cent in the first nine months of the ongoing fiscal year (FY) 2017-18 following higher shipment of apparel products.
The overall export earnings rose to US$27.45 billion in the July-March period of the FY 18 from $25.82 billion in the same period of the FY 17, according to the latest data, released by the state-run Export Promotion Bureau (EPB) on Tuesday.
Bangladesh, however, cannot achieve the overall export target during the period under review despite higher export of apparel and clothing sector, the data showed.
The aggregate export receipts during the period under review were also slightly (0.38 per cent) lower from the strategic target of $27.56 billion.
Alone in March 2018, exports receipts stood at $3.05 billion, down by 1.38 per cent over the same month in the last year. The monthly target was, however, missed by 3.15 per cent.
The monthly export target was $3.15 billion for the month of March.
During this period, the overall readymade garment (RMG) sector, which comprises over 83 per cent of total exports, earned $22.83 billion, up by 9.10 per cent compared to $20.93 billion in the same period last year.
Knitwear exports went up by 11.61 per cent year-on-year to $11.32 billion in July-March period from $10.14 billion while shipment of woven garments rose by 6.75 per cent to $11.51 billion from $10.78 billion.
BBN/SSR/AD