Good winds continue to blow in exports. Bangladesh also
earned more than the target by exporting goods in March. Exports in March
exceeded the target by 34 percent. Last month, the total export revenue was 476
crore US dollars. That's 168 crore USD, or 55 percent more than in March last
year. This information was obtained from the updated report of the Export
Promotion Bureau (EPB).
According to the EPB, in the first nine months (July-March) of the current 2021-22 fiscal year, the export revenue was 3861 USD, which is 601 USD more than the target, or about 18.5 percent more and 967 crore USD or 33 percent more than the same period last fiscal year.
Exporters say that if this trend of exports continues, the export earnings target will be exceeded by the end of the year. The target for the current financial year has been set at 4,350 crore USD. As a result, at the end of 9 months, the export income of the product has been 3861 USD. There are still three months left till the end of the financial year.
In order to meet the target, it is necessary to export 489 million USD worth of goods in 3 months. Exporters say that if the current trend continues, export earnings will exceed the target in the next two months. Because in the month of March, the export income has been 476 crore dollars.
According to the report, in the last nine months (July 2021-March 2022), the export of readymade garments has exceeded the target by 19 percent. At that time, the target for the export of readymade garments from Bangladesh was 2,633 crore US dollars. In contrast, the income has been 3142 crore dollars. Exports of readymade garments increased by 794 million over the same period last fiscal year, an increase of about 34 percent. In addition to readymade garments, the knitwear and woven garment sector also saw higher export earnings than the target. The knitwear sector earned 249 crore USD more than the target and the oven garment sector 259 crore USD more.
Among other commodities, manufactured commodities (cement, salt, stone, etc.) accounted for more than 18 percent or 583 crore USD, frozen and live fish accounted for about 14.5 percent or 5.5 crore USD and agricultural products 15 percent or 12 crore USD more than the target. . Besides, exports in chemical, plastics and leather sectors exceeded the target. However, the target for export of jute and jute products was not met.
|Source: Online/SZK
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