Bangladesh’s export earnings rose 10.41 per cent in January 2016. In the first eight months (July to February) of the 2015-16 fiscal year, export earnings rose by around 9 per cent, over 2.35 per cent more than the target.The country hopes export growth will exceed 10 per cent in the 2015-16 financial year.

Bangladesh exported goods worth over 22.12 billion dollars in the July to February period. The garment sector contributed over 18.12 billion dollars to earnings, accounting for 82 per cent of total exports. The sector is a prime mover of the economy.

In February this year, exports were over 2.85 billion dollars, five per cent more than the target. The amount was over 2.51 billion dollars in February 2015.

The growth in exports has given the economy a firm base. Incentives are being given for the growth of exports while exporters are exporting goods to new markets.

The heartening news is that economies of Bangladesh’s markets in the US and Europe have also turned around. Given the current stability the country hopes to achieve the 50 billion dollar garment export target by 2021.

Bangladesh specializes in exporting high quality garments at cheap rates. So it’s optimistic exports will keep growing.