July exports up over 26pc

Dhaka,  Thu,  24 August 2017
Published : 09 Aug 2017, 19:02:55

July exports up over 26pc

July exports up over 26pc
Driven by ready-made garments, Bangladesh's exports in the first month of the current 2017-18 fiscal year ending next June surged over 26 per cent to 3.21 billion US dollars, said an official Wednesday, reports Xinhua.

The Export Promotion Bureau (EPB) official told Xinhua that export performance for July was 3.207 billion US dollars, 26.54 per cent higher than that in the same month a year ago.

Despite robust growth, the official who preferred to be unnamed said Bangladesh's July export earnings were about 1.0 per cent lower than the 3.239 billion US dollars target set for the last month.

Of the total earnings, he said the country's income from ready-made garment items, including knitwear and woven, stood at about 2.48 billion US dollars in the last month of the current fiscal year.

The EPB data showed knitwear garment export grew 17.28 per cent to 1.26 billion US dollars while woven garments increased 16.88 per cent to 1.22 billion US dollars, comparing with the same period of last fiscal year.

It showed Bangladesh's export income in the past 2016-17 fiscal year grew 1.69 per cent year-on-year to reach 34.66 billion U. S. dollars, falling short of the projected target by 5.85 per cent.

Bangladesh set its export target in 2017-18 fiscal year at 37.50 billion US dollars, including 30.16 billion US dollars from ready-made garment products, the EPB data showed.

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