The Financial Express

Bangladesh surpasses Sept export earnings target by 39 per cent

| Updated: October 05, 2021 08:26:49

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The country's export earnings in September 2021 stood at US$4.16 billion registering a 38 per cent growth year-on-year riding on the readymade garment (RMG) amid the pandemic.

Bangladesh fetched $3.01 billion from merchandise shipments in September last year, according to data released by Export Promotion Bureau (EPB) on Monday.

The September earnings also surpassed the target set for the month by 39.17 per cent. 

The country’s overall merchandise exports during the first three months of the current fiscal year of 2021-22 also grew by 11.37 per cent to $11.02 billion.

The country fetched US$9.89 billion during the July-September period of the 2020-21 fiscal year. 

The overall earnings also surpassed the set target by 5.65 per cent, according to EPB data.

Out of the total $ 11.37 billion export income during the July-September period, the RMG sector fetched $9.05 billion recording an 11.48 per cent growth compared to the corresponding period of the last fiscal.

The country earned $8.12 billion from the RMG sector in the corresponding period of FY’21.

The sector's earnings also exceeded the set target by 7.48 per cent.

The country earned $ 5.16 billion from knitwear exports, registering a growth of 16.69 per cent.

Earnings from export of woven garments were $ 3.89 billion in last three month, up by 6.35 per cent.

Home textile exports also recorded 10.65 per cent growth to $ 279.23 million during the first three months of current fiscal year.

Meanwhile, the jute sector that demonstrated positive growth throughout the last fiscal, recorded 30.97 per cent fall in the July-September period with earnings of $ 212.29 million down from $307.55 million.

Earnings from agricultural products that included vegetables, fruits, and dry food witnessed a growth of about 27 per cent. The sector earnings stood at $344.52 million during the July-September period of FY’22.

Earnings from pharmaceutical exports stood at $56.05 million, marking a 32.91 per cent growth.

Bangladesh fetched $271.34 million from leather and leather goods exports during the same period, registering a 20.52 per cent growth.

Export earnings of frozen and live fish increased by 15.96 per cent to $152.6 million in the first three months of FY '22.

According to the data, plastic products witnessed 17.5 per cent growth to $30.75 million.

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