Bangladesh exports skyrocket in first 4 months
Bangladesh exports skyrocket in first 4 months
Export freight

DHAKA: Bangladesh’s total goods export income in the first four months (July-October) of the current fiscal year surged around 23 per cent on a year-on-year basis to nearly $16 billion, thanks to a hefty rise in shipments of readymade garments, an official said on Wednesday.

The Export Promotion Bureau (EPB) official told Xinhua that Bangladesh earned a total of $15.749 billion from exports during the July-October period, compared with $12.844 billion during the same period of the previous year.

With hefty growth in garment exports, the official said, Bangladesh shipped goods worth $4.73 billion in October, the highest single-month receipts, which was also 60.37 per cent higher than the same month a year ago.

The previous single month highest export earnings were recorded in September when Bangladesh fetched home $4.17 billion.

The export income exceeded the target of $13.90 billion for the July-October period by 13.33 per cent, the official said on the condition of anonymity.

Bangladesh set its export target in 2021/22 fiscal year at $43.50 billion, including $35.14 billion from the readymade garment products, which usually account for around 85 per cent of the national shipment in a year.

The official said Bangladesh in the July-October period, earned $12.62 billion from the garments export with knitted items such as T-shirts and woven items, including jeans rising 20.78 per cent.

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