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Exports surpass $5b for 4th consecutive month

Published : Wednesday, 3 April, 2024 at 12:00 AM  Count : 134

Bangladesh exported goods worth US $5.10 billion in March 2024, showing a growth of 9.88 per cent year-on-year.

According to the data released by the Export Promotion Bureau (EPB) on Tuesday, Bangladeshs exports gained over $5 billion in the last four consecutive months.

In the current fiscal year 2023-24, Bangladesh exported goods worth $43.55 billion in nine months. This export earning saw 4.39 percent growth compared with the same period of the last fiscal year.

According to the EPB data, exports of ready-made garments, agro-processed products, and plastic products have increased so far in the current fiscal year. On the other hand, exports of leather and leather products, jute and jute products, home textiles, and engineering products have declined.

As a result, the growth rate of overall product exports is slightly lower.

From July to March of FY24, ready-made garments worth $37.20 billion have been exported. This export is 5.53 percent more than the same period last year. Apart from this, leather and leather products worth $790 million have been exported. This export is 13.65 percent less than the same period of the last fiscal year.

In the last fiscal year (2022-23), a total of $55.56 billion worth of products were exported. In the current financial year, the government has set a target of $60 billion for the export of goods.

However, despite the growth of exports in recent months, at the end of March, the export of goods it was 5.86 percent behind the target.    —UNB

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