Bangladesh’s exports that witnessed major reversals in the last few months on account of COVID-19, made a rebound of sorts in July after export earnings registered a growth of around 0.59 per cent in just concluded month (July, first month of FY 21), over the corresponding month of the past fiscal year.
As per figures provided by Export Promotion Bureau (EPB), in July 2019, Bangladesh’s export earning was US $ 3.88 billion which in this July stood at US $ 3.91 billion.
The export earning this July is also around 44 per cent more that of June, as per reports.
Further, apparel export raked in US $ 3.2 billion, which though 14.1 per cent more than the target set by the Commerce Ministry for July, was less than the earnings of US $ 3.3 billion of July last year.
The earnings from the knit items clocked a 4.30 per cent growth to touch US $ 1.75 billion but receipts from woven items suffered a decline of around 8.43 per cent to US $ 1.49 billion, during the month under review.
These figures came to the fore after the country’s EPB on Tuesday released the export statistics.