Business

Export earnings in the past seven months also saw a 5.21pc drop


Bangladeshpost
Published : 04 Feb 2020 08:45 PM | Updated : 06 Sep 2020 10:03 AM

Bangladesh’s exports earnings returned in the negative territory once again in January, dropping to 3.62 percent, after seeing a 2.89 percent gain in December last year. According to Export Promotion Bureau data released on Tuesday, the country earned $3.62 billion in January, a 1.70 percent fall.

The export earning in January, 2019 was $3.68 billion. In last December, export earnings had risen by 2.89 percent to $3.52 billion, breaking the negative growth for the fourth consecutive months, report agencies.

Meanwhile, Bangladesh’s export earnings during the current fiscal year’s July-January period was $22.92 billion — a 5.21 percent negative growth. During the same period in the last fiscal year, the country had earned $24.18 billion. The apparel sector, which accounts for 84.21 percent of total exports, also witnessed a 5.71 percent decline — to $19.06 billion — in the past seven month.

Apparels had earned $20.22 billion during the same period last year. As per the latest data, knitwear products earned $9.62 billion, registering a 5.13 percent drop. The amount was $10.14 billion in the same period last year. Woven goods fetched $9.44 billion, posting a 6.29 percent fall against last year’s $10.07 billion earned during the July-January period last year.