Bangladesh
10 months ago

Bangladesh's exports rebound with 15.26pc growth in July

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The country's merchandise shipments in the first month of the current fiscal year of 2023-24 rebounded with double-digit growth of 15.26 per cent to US $4.59 billion.

In July 2022, Bangladesh fetched US$3.98 billion, according to Export Promotion Bureau (EPB) data released on Wednesday.

The earnings in July'23 also surpassed the target set for the fiscal by 2.50 per cent.

According to EPB data, the single month earnings in June'23 were US$5.03 billion or 2.25 per cent higher than the earnings of June 2022.

Out of the total US$4.59 billion amount, readymade garment exports fetched US$ 3.95 billion, recording a growth of 17.43 per cent in July.

The sector's earnings exceeded the target set by 4.65 per cent.

During last month, the knitwear subsector of RMG earned US$ 2.26 billion, registering a growth of 22.24 per cent, while earnings from woven garments amounted to US$ 1.68 billion, up by 11.54 per cent.

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