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Bangladesh’s exports up 13.84% in July-August

Bangladesh’s exports up 13.84% in July-August

 

DHAKA: Bangladesh’s export income in the first two months of the current 2017-18 fiscal year (July 2017 to June 2018) grew about 14 percent to 6.64 billion U.S. dollars, an official said Monday.

The Export Promotion Bureau (EPB) official told Xinhua that the country earned a total of 6,628.60 million U.S. dollars from export during July-August of 2017-18 fiscal compared to 5,822.96 million U.S. dollars in the same period a year earlier. Quoting the EPB data, he said export performance for August was 2.90 billion U.S. dollars, 10.71 percent higher than that in the same month a year ago. The official said overall export growth surged on the back of hefty garment exports. He said readymade garment exports from Bangladesh grew 14.05 percent to 5.52 billion U.S. dollars in the first two months of the current 2016-17 fiscal year. Bangladesh set its export target in 2017-18 fiscal year at 37.50 billion U.S. dollars, including 30.16 billion U.S. dollars from ready-made garment products.