Bangladesh earns $1.4b from services export in Q1

Bangladesh's total services export income in the first three months of the current fiscal year 2018-19 (July 2018-June 2019) surged 55.52 per cent year-on-year to 1.41 billion US dollars, an official said on Tuesday.

The official from Export Promotion Bureau (EPB) told Xinhua that the country earned a total of 1,409.47 million US dollars from exports during July-September, compared to 906.3 million U.S. dollars in the same period a year earlier.

Citing the EPB data, the official who did not like to be named said that Bangladesh exported transport services worth of 190.18 million US dollars in July-September, up 119.30 per cent against the exports of services worth of 86.72 million US dollars in the same period a year earlier.

Among other sectors of services export, telecommunication and information services had an impressive performance in the first quarter of this fiscal year when the sector grew 66.44 per cent year-on-year to 149.18 million US dollars.

Bangladesh set its services export target in 2018-19 fiscal year at about 5 billion US dollars.