Bangladesh’s export earnings from the United Kingdom in the first seven months of the financial year 2015-16 witnessed a robust growth of 22.59 per cent. Export earnings growth remained negative in major markets like Belgium, Denmark, Italy, Netherlands and China while earnings witnessed encouraging growth in the United States and India. Earnings from China in the first seven months fell by 8.07 per cent.

Readymade garment exports to the UK grew by 26.10 per cent in the period. Bangladesh’s export is mostly demand-driven. Building supply side capacity is important to achieve demand-driven export growth in the global market.

Earnings from Germany remained almost the same in the first seven months while Belgium and Denmark witnessed a negative growth of 7.60 per cent and 4.43 per cent respectively. Earnings from Spain grew by 12.24 per cent while exports to France increased by 3.52 per cent.

Export earnings from Sweden remained almost the same while Italy and the Netherlands witnessed a 2.21 per cent and 1.86 per cent negative growth. Earnings from the US grew by 13.5 per cent while readymade garment exports to the US grew by 12.6 per cent. Earnings from India grew by 27.26 per cent while readymade garment exports to India grew by 15.11 per cent.

Bangladesh’s overall export earnings in the July to January period of financial year ’16 showed a 8.26 per cent rise.