Export earnings dip by 2.49% in March

BTJ Desk Report
Apparel exports to major destinations see narrow growth Jul-Apr’FY23

Export earnings of Bangladesh experienced negative growth of 2.49% in March of Fiscal Year 2022-23 to $4.64 billion year-on-year (YoY) from $4.76 billion of the same period of the last fiscal year.

According to the recently published data of the Export Promotion Bureau (EPB), the export earnings also experienced negative growth since November of FY23.

The export earning target for March this year was $5.02 billion, which was $4.76 billion a year ago.

The RMG sector, the highest export earner of the country, bagged $3.89 billion in March of FY23, fetching a negative growth of 1.04%, from $3.93 billion in FY22, EPB data stated.

The receipts stood at $41.72 billion in the first nine months (July-March) of the current fiscal year FY23, an increase of 8.07% from $38.6 billion in the July-March period of FY22.

Earnings from apparel exports during the nine months rose 12.17% year-on-year to $35.25 billion in July-March, higher from $31.42 billion in the mentioned period of FY2021-22.


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