Export to Brazil drops by 17.64 pc

Dhaka,  Wed,  20 September 2017
Published : 16 Jun 2017, 14:51:08

Export to Brazil drops by 17.64 pc

FE Online Report
Export to Brazil declined sharply in the 11 months of the current fiscal year, according to the latest statistics of the Export Promotion Bureau( EPB).

It showed that merchandise export to Brazil stood at $106.37 million in July-May period of FY17.

The amount was $129.16 million in the same period of the past fiscal year.

Chronic recession in Brazil reduced the aggregate demand which is the major reason for the decline in export from Bangladesh.

The EPB data further showed that annual export to Brazil was $135.6 million in FY16.

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