Clicky
Business

Bangladesh exports dip 5.84 pct to 19 bln USD in first half of FY 2019-20


Bangladeshpost
Published : 06 Jan 2020 08:25 PM | Updated : 05 Sep 2020 01:16 PM

Bangladesh's total exports in the first half of the current 2019-20 fiscal year (July 2019-June 2020) reached over 19 billion U.S. dollars, down 5.84 percent year on year, official data showed Monday, reports Xinhua. According to the country's Export Promotion Bureau (EPB) data, Bangladesh fetched 19,302.16 million U.S. dollars from exports in the first six months of the current fiscal year.

The EPB data showed export performance for December was 3.53 billion U.S. dollars, 2.89 percent lower than that in the same month a year ago. An EPB official said overall export income plunged as earnings from garment items have been experiencing slowdown for months. Readymade garment exports from Bangladesh fell by 6.21 percent to about 16 billion U.S. dollars in the first half of the current 2019-20 fiscal year, said the official who declined to be named.

Bangladesh set its export target in 2019-20 fiscal year at 45.50 billion U.S. dollars, including 38.20 billion U.S. dollars from ready-made garment products, the EPB data showed.