Thanks to sharp rise of knitwear shipments along with that of jute & jute products and chemical products in the month of May — these have fetched Bangladesh US $ 3,108.09 million, up by 112.11 per cent year-on-year (Y-o-Y) — Bangladesh made a decent performance in terms of export earnings.
Media reports maintained this citing data from the country’s Export Promotion Bureau (EPB), as per which the overall earning from merchandise export, in the July-May period of the current fiscal, was US $ 35,180.82 million, posting a Y-o-Y gain of only 13.64 per cent.
Meanwhile, speaking to the media, an EPB official, reportedly, underlined ‘export earnings have remained almost stable because of recovery of garment shipment’— apparels typically contribute more than 80 per cent to the national export — even as according to the latest data of the EPB, overall apparel exports were up slightly 11.1 per cent Y-o-Y to US $ 28,561.85 million in the July-May period this fiscal, of which US $ 15,362 million came from the knitwear shipment (which was up by 20.55 per cent).
“…major markets of our apparel items are struggling with the intensity of the pandemic,” reportedly, underlined the President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan while interacting with the media.
Further, the EPB data also showed home textile exports witnessed a 54.76 per cent growth to US $ 1,038.36 million in July-May period while shipment of footwear witnessed a 19.38 per cent growth to US $ 304 million.