Riding high on increased apparel shipments, Bangladesh’s exports registered a nearly 55 per cent year-on-year jump this March as export receipts hit US $ 4.76 billion, which is the highest ever on record in a single month even if Bangladesh’s export earnings in the first nine months of the current fiscal year surged 33.4 per cent to US $ 38.6 billion.
Media reports maintained this citing data from the country’s Export Promotion Bureau (EPB), according to which export earnings in March 2022 shot up by 54.82 per cent to US $ 4.76 billion from what was US $ 3.07 billion in the same month of 2021.
Meanwhile, as per the EPB data, garment exports fetched US $ 31.42 billion in the nine months to the end of March of fiscal year 2021-22, up 33 per cent from that of a year ago.
“…buyers are shifting orders from various countries,” reportedly, maintained Managing Director of DBL Group MA Jabbar while adding the products shipped in March were booked earlier even if distinguished fellow at the Centre for Policy Dialogue (CPD) Mustafizur Rahman on his part observed, “Robust export growth is a good sign as it would help increase our capacity to pay import bills. At the same time, it is good for the garment industry and jobs in the sector.”
