Riding high on apparel exports, Bangladesh registered an 8.95 per cent increase in export earnings, raking in US $ 30.66 billion in the July-May period of the current fiscal year 2015-2016 as compared to the corresponding period of the previous fiscal year.
Export earnings from the woven sector in the July- May period stood at US $ 13.16 billion, marking a growth of 12 per cent increase, while the knitwear sector fetched US $ 11.92 billion in the same period registering about 6.80 per cent growth.
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As per the provincial data released by the Export Promotion Bureau (EPB), export earnings in May stood at US $ 3.02 billion, which is 6.50 per cent higher than the US $ 2.84 billion earned in the same month of the FY 2015. The EPB data further underlines that earnings from the RMG exports in the 11 months of FY 2016 amounted to US $ 25.08 billion, which is about 9.47 per cent higher than the US $ 22.92 billion achieved in the same period of the FY 2015.
According to the apparel exporters, shipments of readymade (RMG) garment items to the major export destinations like the USA and the UK rose in the current fiscal year, shrugging off the safety concerns in RMG units following remediation and safety inspections.
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EPB officials further expect export earnings to surpass the annual target of US $ 33.22 billion by the end of the last month of this fiscal.
