Export to Brazil drops

Dhaka,  Tue,  26 September 2017
Published : 18 Jul 2017, 12:39:08 | Updated : 18 Jul 2017, 13:08:17

Export to Brazil drops

FE Online Report
Bangladesh’s merchandise export to Brazil dropped by 14 per cent in the past fiscal year (FY17).

The latest statistics of the Export Promotion Bureau (EPB) showed that export to Brazil stood at $115.63 million in FY17 while the value was $135.6 million in FY16.

In fact, export to the world’s ninth largest economy dropped drastically in FY16 after reaching $203.05 million in FY15. 

Brazil’s plunge into recession had prompted a hefty decrease in its merchandise import from Bangladesh. 

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