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25 April 2024

Business Insider Bangladesh

Export earnings exceed $5b mark in March

BI Desk || BusinessInsider

Published: 01:29, 3 April 2024  
Export earnings exceed $5b mark in March

Representational photo

Bangladesh's export earnings of goods have exceeded the $5 billion mark for the four consecutive months as exports reached $5.10 billion in March, marking a 9.88% increase compared to the same month last year.

March's export earnings, however, were slightly lower than the $5.19 billion recorded in February, according to data published by the Export Promotion Bureau (EPB) on Tuesday.

The EPB data shows that apparel exports grew by about 11 percent to reach $4.34 billion in March - a significant increase from $3.89 billion a year ago.

Knitwear exports saw an approximate growth of 16.47 percent reaching $2.42 billion compared to $2.07 billion in the corresponding month of last year. Woven apparel shipment increased by about 6.26% to hit $1.93 billion, up from $1.81 billion.

The EPB data showed that overall export earnings rose by over 4.39 percent to $43.55 billion in the first nine months of this fiscal year, compared to $41.72 billion in the corresponding period a year ago.

For apparel exports, the growth was over 5.53 percent Woven garment exports, however, experienced 0.47 percent growth, while knitwear saw 9.79 percent growth in the nine months leading up to March.

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Budget 2020-21