02 Oct 2022, 18:43

Export earnings in 1st quarter of FY23 fetch 13.38% growth

DHAKA, Oct 2, 2022 (BSS) - The export earnings of goods in the first quarter
(July-September) of the current fiscal year (FY23) witnessed a growth of
13.38 per cent fetching $12,496.89 million.
The export earnings during the first quarter of the last fiscal year (FY22)
were $11,021.95 million.
According to the latest statistics of the Export Promotion Bureau (EPB), the
overall export earnings during this three-month period were also 0.62 per
cent higher than the strategic export target of $12,420 million.
The EPB statistics, however, showed that the single month's export earnings
witnessed a fall of 6.25 per cent bagging $3,905.07 million.
Although the export of RMG items witnessed a growth of 13.41 per cent during
the first quarter of the current fiscal year (FY23) totalling $10,274.33
million, the single-month export of RMG items in September witnessed a fall
of 7.52 per cent.
Talking to BSS, Director of the Bangladesh Garment Manufacturers and
Exporters Association (BGMEA) Mohiuddin Rubel said that amid a sign of global
economic recession, the worldwide demand for apparel has declined and the
selling of RMG items at the retail level has witnessed a fall.
Rubel, however, mentioned that the Bangladeshi RMG manufacturers are cautious
enough about the export of RMG items under the current global context.


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