Export earnings fall 17.19% in October

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Offline Showrav.Yazdani

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Export earnings fall 17.19% in October
« on: February 19, 2020, 10:18:00 PM »
The stats was given in the Export Promotion Bureau (EPB) data released on Tuesday
 

Bangladesh export earnings declined 17.19% to $3.07 billion in October for the third consecutive month compared with the corresponding months of last year.

The fall is driven by the negative growth in apparel sector, which contributes over 84% of total exports earnings.

According to Export Promotion Bureau data, the country earned $3.07 billion in October, down by 17.19%, which was $3.72 billion in the same month last year.

Export earning was $2.92 billion in September, down by 7.3% compared to the same month of last year while in August, the country earned $2.84 billion exporting goods, down by 11.49% compared to the same month last year.

According to the EPB data released today, Bangladesh earned $12.72 billion during July-October period of the current fiscal, which is 6.82% less compared to $13.65 billion in the same period a year ago.

The apparel sector, which accounts for 84% of total exports, witnessed a 6.67% decline to $10.59 billion in the first four months of the current fiscal year, which was $11.33 billion in the same period last year.

As per the data, knitwear products earned $5.53 billion, down by 5.73%, which was $5.87 billion in previous year.

Woven goods fetched $5.04 billion, posting a 6.09% fall against $5.46 billion in the same period last year.

For the negative growth, exporters and economists have blamed appreciation of taka, economic slowdown in Europe and trade tension between the US and China.

Offline drrana

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Re: Export earnings fall 17.19% in October
« Reply #1 on: February 20, 2020, 09:27:56 PM »
thanks for sharing