Merchandise export earnings of the country increased by 15.10 per cent to US$38.75 billion in the 2020-21 fiscal year, compared to the previous fiscal year.
Bangladesh fetched US$33.67 billion in the 2019-20 fiscal year.
The increased figure of export earnings of the last fiscal year shows signs of recovery of the readymade garments (RMG) sector from the adverse effects of the COVID-19 pandemic.
However, overall earnings fell short of the target by 5.47 per cent set for the FY’21, according to Export Promotion Bureau (EPB) data released on Monday.
Out of the total $38.75 billion export income in FY 21, the RMG sector fetched $31.45 billion, recording a 12.55 per cent growth.
The export earnings also fell short of the target by 6.89 per cent in the last fiscal.
The country earned $16.96 billion from knitwear exports, registering a growth of 21.94 per cent. Bangladesh fetched $13.90 billion from knitwear exports in FY 20.
Earnings from the export of woven garments were $14.49 billion in the last fiscal, up by 3.24 per cent. The country earned $14.04 billion through export in FY 20.
The single month earnings in June 2021 grew by 31.77 per cent to $ 3.57 billion over that of June 2020.
The EPB said the export earnings also fell short of the target by 2.52 per cent in June.
