The Financial Express

July exports up by 8.55pc

| Updated: August 22, 2019 15:22:47

Evaly and Fianancial Express Evaly and Fianancial Express
- ADB photo - ADB photo

Country's earnings from shipment of merchandise products grew by 8.55 per cent in the first month of the current fiscal year over the corresponding month of last fiscal.

Bangladesh earned nearly US$3.89 billion in July last compared to $3.58 billion in July, 2018, according to, the Export Promotion Bureau (EPB) data revealed Tuesday.

The export earnings during the month of July last were 1.59 per cent up higher than the strategic target set for the same month.

According to the EPB data, a positive growth in the export receipts from readymade garment (RMG) products - both knitwear and woven -- helped raise the country's overall export incomes.

The country's earnings from export of RMG items reached at $3.31 billion in the first month of this fiscal, up by 9.7 per cent over the same month of last fiscal.

The local knitwear products fetched about $1.68 billion in July, 2019, reflecting a 9.89 per cent hike from that of nearly $ 1.53 billion in July, 2018.

On the other hand, earnings from shipment of woven garments increased by 9.51 per cent to $1.63 billion for the month of July, 2019, according to the official figures.

Export receipts from woven garments were recorded at $ 1.49 billion in July last.

Among other exportable products, export receipts from leather and leather products reached $91.93 million in the first month of this fiscal while the amount was $ 91.16 million in the corresponding period of the last fiscal.

On the other hand, earnings from jute and jute goods declined to $ 69.31 million in July, 2019 compared to $ 74.26 million in the matching month of last fiscal.

However, export earnings from frozen foods increased to $ 43.74 million and that of agricultural products to $94.20 million compared to $ 40.97 million and 103.51 million respectively in July, 2018.

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