Export earnings rise over 36pc year-on-year in August


FE ONLINE REPORT | Published: September 04, 2022 14:57:55 | Updated: September 04, 2022 18:06:34


Export earnings rise over 36pc year-on-year in August

The country's single-month merchandise export earnings in August 2022 grew by over 36 per cent to $4.60 billion year-on-year.

Bangladesh fetched $3.38 billion in August 2021, according to provisional data from the Export Promotion Bureau (EPB) released on Sunday.

The August'22 earnings also surpassed the set target by 7.14 per cent.

The overall export earnings during July-August of the current fiscal year recorded a 25.31 per cent growth to $8.59 billion over that of $6.85 billion earnings of the corresponding period of last fiscal.

Since September last, bar May and July this year, the country's single-month export earnings had surpassed the four-billion mark.

Of the total $8.59 billion export income during the July-August period, the RMG sector fetched $7.11 billion, posting a 26 per cent growth over that of last fiscal.

A breakdown of the clothing-sector performance shows that the knitwear subsector of RMG earned $3.91 billion from exports, registering a 20.15 per cent growth.

Earnings from woven garments export have amounted to $3.19 billion in the past two months, up by 34.23 per cent.

Home-textile exports also recorded over a 53.39 per cent growth to $268.52 million in the first two months of this fiscal.

Meanwhile, the jute sector, which demonstrated a negative growth in the last fiscal, recorded a 22.67 per cent growth in the July-August of FY 22 with $ 156.61 million in earnings.

munni_fe@yahoo.com

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