Bangladesh exports dip by 2.49% in March

Dhaka, April 3 (IANS) Bangladesh's exports fell to $4.64 billion in March, down 2.49 per cent from the same month a year earlier and 7.5 per cent below target, government data showed.But for July-March, the first three quarters of the 2022-23 financial year (July 2022-June 2023), exports rose 8.07 per cent to $41.72 billion, according to data released by the Export Promotion Bureau (EPB) under the Ministry of Commerce on Sunday.The overall growth was largely attributed to the demand for ready-made garments. The EPB said shipments of ready-made garments, comprising knitwear and woven items, totalled $35.25 billion in July-March, up 12.17 per cent, Xinhua news agency reported.Bangladesh saw exports soar more than 34 per cent to $52.08 billion in the 2021-22 fiscal year, official data showed.Bangladesh's earnings from garment export, which make up more than three-fourths of the country's annual incomes since the beginning of this decade, surged to $42.61 billion in the 2021-22 fiscal year, according to the EPB.
--IANS int/khz/

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)