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Export earnings post 8.55% growth in July

  • Published at 09:29 pm August 20th, 2019
Export shipping containers
Photo: BIGSTOCK

The apparel items, the largest contributor to the national exports, earned $3.31 billion, up 9.7% from the same month of last year

Bangladesh’s merchandise export earnings in July, the first month of the current 2019-20 fiscal year, posted an 8.55% growth to $3.88 billion riding mainly on apparel sector, according to the Export Promotion Bureau (EPB) provisional data.

The apparel items, the largest contributor to the national exports, earned $3.31 billion, up 9.7% from the same month of last year.

Of the total, knitwear products earned $1.68 billion, up 9.89% and woven products earned $1.63 billion, up 9.51% month-on-month.

The specialized textile sector saw a 45.579% growth to $13.48 million, while home textile products earned $66.09 million, up 0.05% from the corresponding month of last fiscal year.

Among other major sectors, agricultural products posted a sharp fall by 25.43% to $71 million, pharmaceuticals sector rose by 29.95% to $11.41 million, and earnings from the plastic goods rose by 37.33% to $13 million in the given month, says the EPB data.

Export earnings from leather and leather goods witnessed a 16.39% growth to $106 million during the period, jute and jute goods, the third export earning sector, registered a 0.84% growth to $75 million and frozen and live fish saw a timid growth of 1.54% to $41.6 million in the first month of the current fiscal year.