adv-06 adv-06

In June Bangladesh enjoyed 44% increase in export earning compared to last year


bangladesh-exports-696x597Bangladesh export earnings in July 2019 stood at $3.88 billion, and $3.91 billion in this July, based on data provided by the country-based Export Promotion Bureau (EPB). This July, too, is an export of about 44% more than in June 2019.

In addition, exports of clothing amounted to $3.2 billion, 14.1% higher than the July target of the Ministry of Commerce. It was however lower than the revenue posted in July last year of $3.3 billion.

Knit element income logged a 4.30% increase to 1.75 billion dollars, but tissues income decreased by about 8.43 percent in the month under review to 1.49 billion dollars.

It is worth noting that in March there was an annual decrease from export sales in the clothing industry of 18.29%, in April of 82.85% and in May of 61.57%, as economies across the globe are locked in an attempt to curb the spread of the coronavirus pandemic. Even so, as things began to look, restrictions were lifted and the global supply chain was restored to its usual state, when export sales improved again in June with clothing sales hitting $2.71 billion in export receipts, which were only 2.5% lower than in the same period the previous year.