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The Financial Express

Merchandise export fetches $47.17b in 11 months of FY '22

| Updated: June 03, 2022 08:24:56


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

The country's merchandise export earnings maintained hefty growth during the first eleven months of the current fiscal year recording over 34 per cent rise year on year following the good performance of apparel shipments.

Bangladesh fetched $47.17 billion during the July-May period of FY’22 over that of $35.18 billion in the corresponding period of last fiscal, according to provisional data of the Export Promotion Bureau (EPB).

The overall export earnings also surpassed the set target by 18.34 per cent, according to the EPB data released on Thursday.

Besides, the single-month export earnings growth in May last slowed down to 23.24 per cent and earned $3.83 billion.

Since September last to April this year, the country's single-month export earnings had been surpassing the four-billion mark.

The May 2022 earnings, however, missed the target set for the month slightly by 1.64 per cent, disclosed the data.

Of the total $47.17 billion export income during the July-May period, RMG sector fetched $38.52 billion, posting 34.87 per cent growth than last fiscal's rate.

A breakdown of the clothing-sector performance shows that knitwear subsector of RMG earned $20.98 billion from exports, registering 36.61 per cent growth.

Earnings from the export of woven garments have amounted to $17.35 billion in the past eight months, up by 32.85 per cent.

Home-textile exports also recorded over 41 per cent growth to $1.46 billion in the first eleven months of this fiscal.

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