Bangladesh’s exports hit 33.73 bln USD in first 11 months of FY 2017-2018

DHAKA, June 5 (NsNewsWire) — Bangladesh’s export income in the first 11 of the current 2017-18 fiscal year (July 2017- June 2018) marked a 6.66 percent, recording 33.73 billion U.S. dollars with ready-made garments as the key performer, an official said Tuesday, reports Xinhua.
The Export Promotion Bureau (EPB) official told Xinhua that the country earned “a total of 33,728.82 million U.S. dollars from exports in July to May period of the current fiscal year.”
In the first 11 months of the previous 2016-17 fiscal year ( July 2016-June 2017), Bangladesh exports grew by 3.67 percent to 31.79 million U.S. dollars, the EPB data showed.
Quoting the latest EPB data, the official, who preferred to be unnamed, said export earnings for May alone were 3,047.67 million U.S. dollars, 9.01 percent higher than that in the same month last year.
He said the overall export growth has been largely driven by ready-made garments which surged about 10 percent in the 11 months of the last fiscal year.
In the July-May period this fiscal year, according to the EPB data, Bangladesh earned 28.13 billion dollars from garment exports with knitted items such as T-shirts growing 11.48 percent while woven items such as jeans decreasing 8.15 percent.
Bangladesh set its export target in 2017-18 fiscal year at 37.50 billion U.S. dollars, including 30.16 billion U.S. dollars from ready-made garment products.   Enditem