Bangladesh’s export earnings have seen a nearly 20% rise to $3.30 billion in August, the second month of the current fiscal year, thanks to the higher growth of earning from clothing products. On the other hand, the overall export earnings in July-August period of Fiscal Year 2016-17 has posted an 8.42% rise to $5.84 billion compared to $5.38 billion a year ago. However, export earnings failed to reach the target. Of the total export earnings, 82.87% came from the apparel sector while Knitwear products earned $2.47 billion with a 9.49% rise. To achieve the $50 billion export target by 2021, the sector has to resister a 13% growth.

Source: Dhaka Tribune September 05, 2016 18:33 UTC