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Economy

Export earnings exceed $5 billion for fourth straight month in March

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UNB

Publish: 03 Apr 2024, 02:12 PM

Export earnings exceed $5 billion for fourth straight month in March

Dhaka, Apr 2 (UNB)-Bangladesh exported goods worth $5.10 billion in March 2024, a growth of 9.88 percent over the same month last year, according to data of the Export Promotion Bureau (EPB) released on Tuesday.

It was the fourth straight month that Bangladesh's exports earned above $5 billion, i.e. since December. 

In the current fiscal year 2023-24, Bangladesh exported goods worth $43.55 billion in 9 months, up 4.39 percent on the same period of the last fiscal year.

According to 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 FY 24, ready-made garments worth $37.20 billion have been exported. This export is 5.53 percent more than the same period last year. Garments remains 85% of total exports

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 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 export of goods.

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

 

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