For the first time ever, Bangladesh’s export earnings have crossed the US $ 5 billion mark in November.
Media reports claimed this citing the data from the country’s Export Promotion Bureau (EPB), even as they credited a resurgence in fashion orders from the West and shipment of on-hold consignments, responsible to a great extent, for the same.
As per the EPB, Bangladesh reportedly exported goods worth US $ 5.09 billion in November, which was 26 per cent higher than the same period of the previous fiscal year even as exporters and the EPB attributed the overall success to producing relatively higher value products compared to the past.
Meanwhile, some apparel makers reportedly doubt the record forex earnings.
Speaking to the media, Executive President of the Bangladesh Knitwear Manufacturers Association (BKMEA), Mohammad Hatem reportedly expressed his doubt even as he maintained exports are increasing for sure but not at the pace claimed by the EPB while also adding the raw material import data against export orders do not support the same either.
