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15 July 2024

Business Insider Bangladesh

Export earnings notches 10.37% growth in Sept

BI Report || BusinessInsider

Published: 22:56, 1 October 2023  
Export earnings notches 10.37% growth in Sept

Photo: Collected

Country's export earnings from goods witnessed a healthy 10.37 percent growth in September this year totaling $4,310.33 million.

The single-month export earnings are, however, 7.05 percent short of the strategic export target of $4,637 million, according to the latest statistics of the Export Promotion Bureau (EPB).

BSS adds: The export earnings in September last year were $3,905.07 million.

The EPB figures showed that the overall export earnings during the first quarter (July-September) period of the current fiscal year (FY24) saw 9.51 percent growth totaling $13,685.44 million against the strategic target of $13,988 million.

The export earnings during the July-September period of the last fiscal year (FY23) totaled $12,496.89 million.

Out of the overall exportable items, RMG continued to rule the overseas market during this three-month period bagging $11,617.5 million with a 13.07 percent growth.

Out of that amount, the knitwear continued to dominate the export market fetching the highest amount of $6,762.59 million followed by woven garments with $4,854.91 million.

The government has set a target to export goods worth $62 billion in the current fiscal year seeking an 11.59 percent year-on-year growth.

Exports fetched a record $55.56 billion in fiscal year (FY23) amid challenging conditions and global uncertainties.