Despite the rise in raw material prices and the doubling of transportation costs due to the COVID-19 pandemic, the country’s export earnings continue to increase. January saw the second-highest earnings in history after record growth in exports last December. Such information has come up in the updated statistics of the Export Promotion Bureau (EPB).
Statistics show that in January of the current fiscal year, was 485 crore dollars, which is 41.13% more than the same period of the previous fiscal year.
This income is the second-highest in the history of the country as a single month. December’s revenue was a little higher at 490 crores and 77 lac dollars.
Entrepreneurs in the readymade garments sector say the record growth has once again proved that the competitiveness of the country’s garments sector has increased more than ever before. In addition, the bargaining power has increased. They said that at one time they had continued to work with losses due to lack of work orders. Now buyers are being forced to raise the prices of clothing.
According to the EPB, the total exports in the seven months from July to January of the current 2021-22 fiscal year was 2 thousand 954 crores and 89 lac dollars, which is more than Tk 2.5 lac crores in local currency. This income is 30.34% more than the same period last year. At the same time, it is 16% more than the target of the time in question.
In the first seven months of the current fiscal year, exports of garments, the top source of export earnings, reached 2 thousand 398 crore dollars. This is 30.3% more than the July-January period of last year.
