02 Apr 2024, 23:04

Export earnings exceed $5b mark in March

DHAKA, April 2, 2024 (BSS) - Bangladesh's export earnings of good have exceeded the $5 billion mark for the four consecutive months as exports reached $5.10 billion in March, marking a 9.88% increase compared to the same month last year.

March's export earnings, however, were slightly lower than the $5.19 billion recorded in February, according to data published by the Export Promotion Bureau (EPB) today.

The EPB data shows that apparel exports grew by about 11% to reach $4.34 billion in March - a significant increase from $3.89 billion a year ago.

Knitwear exports saw an approximate growth of 16.47%, reaching $2.42 billion compared to $2.07 billion in the corresponding month of last year. Woven apparel shipment increased by about 6.26% to hit $1.93 billion, up from $1.81 billion.

The EPB data showed that overall export earnings rose by over 4.39% to $43.55 billion in the first nine months of this fiscal year, compared to $41.72 billion in the corresponding period a year ago.

For apparel exports, the growth was over 5.53%. Woven garment exports, however, experienced 0.47% growth, while knitwear saw 9.79% growth in the nine months leading up to March.



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