Export earnings post 10.58% growth in July-Dec

Export earnings post 10.58% growth in July-Dec, The country’s overall export earnings have bounced back from the global uncertainties as it posted a growth of 10.58 percent during the first half (July-December) period of the current-fiscal year (FY23) compared to the same period of the last fiscal. The export earnings during the first half of the current-fiscal year totaled $27,311.26 million against $24,698.55 million during the same period of the last fiscal year (FY22).

Export earnings post 10.58% growth in July-Dec

According to the latest statistics of the export promotion bureau (EPB), the single-month exports witnessed a record $5,365.19 million, a single-month historic high of Bangladesh. The previous earning record was $5.09 billion in November last year. The single-month export earnings in December last year were $4,907.68 million.

The EPB data showed that as usual, the RMG represents the bulk of the earnings during this six-month period with $22,996.69 million having a growth of 15.56 percent. Out of that amount, the highest $12,659.68 million came from knitwear while $10,337.01 million came from the woven garment with a growth of 18.29 percent.

Apart from RMG, the exporters bagged $748.29 million from primary commodities, $501.91 million from agricultural products, $155.64 million from chemical products, $100.17 million from plastic products, $637.29 million from leather and leather products, $485.88 million from jute and jute-made goods, $120.76 million from specialized textiles, $601.26 million from home textiles, $261.09 million from engineering products. The overall export earnings target for this fiscal is $58 billion.