Amidst global demand for non-garment items falling in the face of high inflation stemming from the Russia-Ukraine war, only two major exports items, namely leather and leather goods and apparels performed well for Bangladesh in the first half of the current fiscal year.
This is as per reports, which maintained export earnings of other goods that showed good growth over the past few years had shrinking even as it gave instances of various products to this end.
Citing data from the Export Promotion Board (EPB), reports maintained earnings from home textile, which was an emerging product in fiscal 2021-22, when it earned US $ 1.62 billion in export receipts to register growth of 43.28 per cent year-on-year , declined by 16.02 per cent to US $ 601.26 million in the July-December of fiscal 2022-23 even as shipments of agricultural products declined by 23.26 per cent to US $ 501.91 million (in the July-December period) while exports of chemical products like pharmaceuticals also dropped by 22.44 per cent to US $ 155.64 million at the same time while earnings from shipments of jute and jute goods decreased by 17.65 per cent to US $ 485.88 million.
