The country’s total export earnings witnessed a rapid growth to stand at $33.84 billion for the first eight months in the current fiscal, up 30.86 percent over the previous fiscal despite the corona crisis.
During the same period last fiscal, export earnings were $25.86 billion, according to data from the Export Promotion Bureau.
Experts said the country’s export earnings continued an upward trend for the last several months in the current fiscal 2021-22 even during the coronavirus pandemic, thanks to a strong rebound in apparel shipment.
The country’s export earnings stood at $27.49 billion from the ready-made garments (RMG) in July-February this fiscal, up 30.73 percent over the previous fiscal. This earning was $21 billion during the July-February period in the 2020-21 fiscal year.
The overall export earnings also surpassed the set target by 17.16 percent for the first eight months in the current fiscal, according to EPB data.
A breakdown of the clothing-sector performance shows that the knitwear subsector of the RMG earned $15.07 billion from exports, posing a growth of 32.87 percent.
Earnings from the export of woven garments amounted to $12.43 billion in the last five months, up by 28.23 percent. Home textile products are the second-largest export after readymade garments.
In the first eight months of the current financial year, home-textile exports also recorded 35.98 percent growth to $993.76 million.
In addition, the third-highest export income has been in agricultural processed products.
During July-February of the current financial year, agricultural processed products worth $853.2 million were exported. In this case, the growth has been 28.36 percent.
Meanwhile, the jute sector, which demonstrated positive growth throughout the last fiscal, recorded a 7.34 percent fall in the July-January period with earnings of $799.42 million, down from $862.74 million.
