Export earnings surpass $52b in FY22

FE ONLINE REPORT | Sunday, 3 July 2022

The country's merchandise export earnings maintained hefty growth in the just-concluded fiscal year (FY22), recording over 34 per cent rise to $52.08 billion year-on-year following the excellent performance of apparel shipments.

Bangladesh fetched $38.75 billion in the July-June period of the fiscal year 2020-21, according to provisional data from the Export Promotion Bureau (EPB).

The overall export earnings also surpassed the set target by 19.73 per cent.

Besides, the single-month export earnings growth in June increased by 37.29 per cent and earned $4.90 billion.

Since September last, with an exception of May this year, the country's single-month export earnings had surpassed the four-billion mark.

Of the total $52.08 billion export income during the July-June period, the RMG sector fetched $42.62 billion, posting a 35.47 per cent growth over last fiscal's rate.

A breakdown of the clothing-sector performance shows that the knitwear subsector of RMG earned $23.21 billion from exports, registering 36.88 per cent growth.

Earnings from woven garments export have amounted to $19.39 billion in the past eight months, up by 33.83 per cent.

Home-textile exports also recorded over 43 per cent growth to $1.62 billion in the first eleven months of this fiscal.

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