Bangladesh’s export earnings rose by 6.55% to $21.32b in the first seven months of the current fiscal year, with the apparel industry contributing to most of the earnings. However, the apparel exporters expressed dissatisfaction as earnings did not reach the expected figures and profit margins narrowed due to rise in production costs. Knitwear products earned $8.9b, a 10.5% rise, and woven garment products earned $8.75b, a 4.74% rise, compared to $8.06b and $8.35b respectively in the corresponding period last year. In January, export earnings rose by 3.54% to $3.4b, which was $3.29b in January 2017. Exporters Association of Bangladesh (EAB) President Abdus Salam Murshedy told the Dhaka Tribune: “Though Bangladesh export earnings are showing an uptrend, we are not satisfied with the growth as it is below expectation.

Source: Dhaka Tribune February 06, 2018 17:15 UTC