In October, Bangladesh exported goods worth USD 472.75 billion, which is the highest export record in a single month in the history of the country.
This was revealed in the Export Promotion Bureau’s (EPB) Export Statistics Report. It shows that in October, exports increased by 60.37 percent over the same period of last year.
In the last four months from July to October, Bangladesh exported goods worth about USD 1,575 crore which is 22.62 percent more than the corresponding period of the previous financial year.
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As always, the highest export earnings came from readymade garments. In the first three months of the current financial year, 82 percent of the total export revenue came from the garment sector. In the last four months this sector’s income increased by around 21 percent to USD 1262 crore.
During this period, garment worth USD 905 million were exported, which was USD 813 million in the same period of last year. This is 11.5 percent higher in comparison to that of last year.
Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Vice-president Mohammad Hatem told Bangladesh Post, “There were a lot of orders in the factories. Entrepreneurs are able to charge a little more comparing to previous situation.”
Hatem further said, “We have already overtaken Vietnam in earnings from RMG export. International buyers are placing a plenty of work orders.”
Regarding the current challenges, he said that the unpredictable and unstable increase in yarn prices has been one of the impediments to the recovery process.
He further said that it is time for our country to occupy the international market of man-made fiber.
Agriculture and agricultural products are in the second position than home textile. According to the EPB, agricultural processed products worth USD 34.45 crore were exported in the first three months of this year.