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BSS
  04 Oct 2021, 18:52

July-September export earnings witness 11.37 percent growth

   DHAKA, Oct 4, 2021 (BSS) - The export of goods during the first quarter 
(July-September) period of the current fiscal year (FY22) made a strong 
turnaround witnessing a healthy growth of 11.37 percent thanks to the highest 
ever single month export earnings of over $4.16 billion last month.

   The export of goods during this three-month period fetched $11,021.95 
million surpassing the strategic target of $10,433 million having a growth of 
5.65 percent over the strategic target.

   The export performance of Bangladeshi goods in the first quarter of the 
last fiscal year (FY21) was $9,896.84 million, according to the latest 
statistics of the Export Promotion Bureau (EPB).

   The EPB figures showed that the single month export earnings in this 
September witnessed a whopping 37.99 percent growth fetching $4,165.45 
million which was $3,018.76 million in September last year.

   The single-month export earnings in September also experienced a 
staggering 39.17 percent growth against the strategic target of $2,993 
million.

   The export earnings during the July-August period of the current fiscal 
year, however, witnessed a negative growth of 0.31 percent fetching $6,856.5 
million, but within a span of just one month, the export earnings made a 
strong bounce back to bag over $11 billion. 

   Shrugging off the impacts of the pandemic, all major exportable items like 
knitwear, woven garments, home textile, specialized textiles, leather and 
leather products, plastic products, chemical products, manufactured 
commodities and primary commodities fared better during this timeframe.

   Talking to BSS, President of the Federation of Bangladesh Chambers of 
Commerce and Industry (FBCCI) Md Jashim Uddin today said that it is a 
positive sign for the exporters and also for the country that the export 
operations are bouncing back.

   He said although the industries and factories across the globe faced a 
setback due to the pandemic over the last one and a half year, but the mills 
and factories are gearing up their operations with a fresh zeal following 
mass vaccination campaign by the developed world.

   "The operations of the world-wide mills and factories faced difficulty 
during the pandemic, but their operations have almost come to a normalcy 
leading to increased demand among the buyers," he added.

   The chief of the country's apex trade body opined that the various 
stimulus packages being provided by the government to the affected industries 
and businesses have resulted in a turnaround of the export-oriented sector.

   Referring to his recent visit to the USA, Jashim said he had witnessed 
huge demand of goods among the buyers as their stores now lack goods which 
are being imported from countries like Bangladesh.

   He said the export volume could have been much higher had there been no 
sloth or slow pace in the shipment of goods.

   The FBCCI President also noted that if the gas pressure remains stable at 
the industries side by side if there is no emergence of any new COVID-19 
variant in the coming days, the export growth of Bangladesh would increase 
further in the coming days.

   According to the EPB, during this July-September period in FY22, some 
$9.05 billion came from RMG items, which registered 11.48 percent year-on-
year growth.

   Out of that, the export of knitwear fetched the highest $5,164.18 million 
having a growth of 15.69 percent while the other major item woven garments 
gained $3,895.26 million with a growth of 6.35 percent.

   Besides, among major exportable items, primary commodities bagged $497.12 
million followed by home textiles $279.23 million, agricultural products 
$344.52 million, chemical products $90.12 million, plastic products $30.75 
million, leather and leather products $271.34 million, engineering products 
$118.91 million, and other manufactured products $95.52 million.

   The export of jute and jute-made goods, however, failed to make a 
turnaround fetching $212.29 million having a negative growth of 30.97 
percent.

   The EPB data also showed that the export of fruits witnessed an eye 
catching 7,666.67 percent growth although the export volume was only $2.33 
million. Besides, the export of wigs and human hair brought in $19.16 million 
having a growth of 106.91 percent followed by the export of glass and 
glassware posting a 156.39 percent growth bagging $3.41 million.

 

  

   
 

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