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The Financial Express

Bangladesh's export earnings grow 41pc in January

| Updated: February 19, 2022 23:46:35


File photo used for representation purpose (Collected) File photo used for representation purpose (Collected)

The single-month export earnings in January this calendar year recorded over 41 per cent growth to 4.85 billion US dollars year-on-year riding on the readymade garment (RMG) amid the pandemic.

Bangladesh fetched $3.43 billion from merchandise shipments in January last year.

The January 2022 earnings also surpassed the target set for the month by 19.73 per cent, according to provisional data released by Export Promotion Bureau (EPB).

Since last September, Bangladesh's single-month export earnings had been surpassing the four-billion mark.

Besides, the country's overall merchandise exports during the first seven months of the current fiscal year 2021-22 also marked a growth of 30.34 per cent to $29.54 billion.

The July-January earning in the 2020-21 fiscal year, which fell into a full flash of the pandemic, was $22.67 billion.

The overall export earnings also surpassed the set target by 16.17 per cent, according to EPB data.

Out of the total $29.54 billion worth of export income during the July-January period, the RMG sector fetched $23.98 billion, recording a 30.30 per cent growth compared to the corresponding period of last fiscal.

A breakdown of the clothing-sector performance shows that the knitwear subsector of the RMG earned $13.27 billion from exports, registering a growth of 32.89 per cent.

Earnings from the export of woven garments amounted to $10.71 billion in the last five months, up by 27.23 per cent.

Home-textile exports also recorded 30.1 per cent growth to $831.31 million during the first seven months of the current fiscal year.

Meanwhile, the jute sector which demonstrated positive growth throughout the last fiscal recorded a 9.13 per cent fall in the July-January period with earnings of $695.73 million, down from $765.63 million.

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