Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Export earnings in May 2024 recorded negative growth of over 16 per cent, reaching US$4.07 billion.
Data released by the Export Promotion Bureau (EPB) on Wednesday revealed that May 2024 earnings also fell short of the target by 23.75 per cent.
The government had set a target of $5.33 billion in earnings for May this year.
The earnings from the overall export trade of the country during the past eleven months (July to May) of the current fiscal year (FY24) marked a slow growth, increasing by 2.01 per cent to $51.54 billion.
However, the earnings fell 8.47 per cent short of the target set for the period.
And during the July-May period of FY 2022-23, Bangladesh earned US$50.52 billion, the EPB data showed.
Out of the total $51.54 billion earnings during the July-May period of FY24, readymade garment (RMG) fetched $43.85 billion, marking a 2.86 per cent year-on-year growth.