Merchandise export earnings of the country increased by 15.10 percent to USD 38.75 billion in the 2020-21 fiscal year, compared to the previous fiscal year.

Bangladesh fetched USD 33.67 billion in the 2019-20 fiscal year.

 

The increased figure of export earnings of the last fiscal year shows signs of recovery of the readymade garments (RMG) sector from the adverse effects of the COVID-19 pandemic.

 

However, overall earnings fell short of the target by 5.47 percent set for the FY’21, according to Export Promotion Bureau (EPB) data released.

 

Out of the total USD 38.75 billion export income in FY 21, the RMG sector fetched USD 31.45 billion, recording a 12.55 percent growth.

 

The export earnings also fell short of the target by 6.89 percent in the last fiscal.

 

The country earned USD 16.96 billion from knitwear exports, registering a growth of 21.94 percent. Bangladesh fetched USD 13.90 billion from knitwear exports in FY 20.

 

Earnings from the export of woven garments were USD 14.49 billion in the last fiscal, up by 3.24 percent. The country earned USD 14.04 billion through export in FY 20.

 

The single month earnings in June 2021 grew by 31.77 percent to USD 3.57 billion over that of June 2020.

 

The EPB said the export earnings also fell short of the target by 2.52 percent in June.

 

Source: thefinancialexpress.com.bd