Home World wide Good news greets start: BD Exports
World wide - August 2, 2022

Good news greets start: BD Exports

Staff Correspondent: Bangladesh’s export receipts have grown 14.72 percent year on year in July to start fiscal 2022-23 on a positive note.
Exporters shipped goods worth $3.98 billion last month, 1.65 percent higher than the target, according to the data released by the Export Promotion Bureau (EPB) yesterday. Garment exports rise 16.61 percent to $3.37 billion in July, surpassing the $3.16 billion target set for the month. Buoyed by last year’s earnings of $52 billion, the government has set a target of $58 billion in revenues from exports of goods and services for FY23.
The coronavirus pandemic and the Ukraine-Russia brought about numerous trade hurdles, triggering fears of a decline in Bangladesh’s export revenues. But the South Asian nation has maintained an upward trend so far. The EPB data showed that July’s export earnings were mainly propelled by the ready-made garments industry. The sector outstripped its target for the month by 6.45 percent.

Check Also

Outstanding bank loans increased by 48.72pc in 5 years

Rafiqul Islam Azad: The volume of overdue loans has been constantly increasing in the bank…