• Monday, Dec 06, 2021
  • Last Update : 11:28 am

Bangladesh's exports rise 14% in August to $3.38 billion

  • Published at 11:44 am September 3rd, 2021
Chittagong Port
File photo shows a general view of the container yard of the Chittagong port Dhaka Tribune

Apparel shipments, particularly knitwear, bring in $3.38 billion for the country

Following a more than 11% drop a month ago, Bangladesh's export earnings made a dramatic recovery in August, clocking over 14% year-on-year.

Apparel shipments, particularly knitwear, brought in $3.38 billion for the country, according to the Export Promotion Bureau (EPB). However, it's still behind the monthly target of $3.71 billion.

The EPB said that the combined earnings in July and August declined by 0.31% year-on-year, which were $6.87 billion in the same period last year and 7.84% short of the export target, set at  $7.44 billion for the period.

Last month, the readymade garment sector saw an increase of 11.56% year-on-year, with exports totaling $2.75 billion, up from $2.46 billion the previous year.

However, in July and August of 2021, the apparel sector's shipping fell by 1.27% year-on-year to $5.64 billion.

Apart from jute and jute goods, all main merchandise’ exports saw strong growth, including agriculture, leather and leather products, home textiles, frozen and live fish, engineering products, medicines, specialist textiles, and plastic products.

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