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Bangladesh July earnings up 26 per cent

Bangladesh’s export earnings in July grew 26 per cent compared to the same period last year. Export earnings from knitwear increased by 17.28 per cent; earnings from woven sector grew 16.88 per cent. Leather and leather product exports grew 26 per cent. Earnings from leather footwear exports grew by 30 per cent while earnings from leather products increased by 38.43 per cent. Earnings from jute and jute goods declined 7.51 per cent.

Growth took place due to increased shipments of readymade garments. Earnings from RMG exports in July grew 17 per cent. There were two main reasons for the growth: some of seasonal goods shipped at a time in the month of July and, second, orders increased as capacity of Accord and Alliance approved factories increased.

Exports in fact witnessed double digit growth in July as a good number of export consignments for the month of June was shipped in the month of July due to the vacation of Eid-ul-Fitr. Export earnings growth are expected to be satisfactory in August but decline in September due to of Eid-ul-Azha vacation.