Bangladesh’s export earnings in August 2022 grew by 36.18 per cent to $4.60 billion compared with that of $3.38 billion in the same month of 2021 due to increased shipments of readymade garment products.
The country’s export earnings in July and August, the first two months of the current financial year 2022-23, increased by 25.31 per cent to $8.59 billion from $6.85 billion in the same period of FY22, according to the Export Promotion Bureau data released on Sunday.
Experts and exporters termed the export earnings growth encouraging but expressed doubts whether the growth would sustain in the coming months as the global economy was going to face a recession.
Earnings from RMG export in July-August of FY23 increased by 26.10 per cent to $7.11 billion from $5.64 billion in the same period of FY22, the EPB data showed.
Earnings from woven garments export increased by 34.23 per cent to $3.19 billion in July-August of FY23 from $2.38 billion in the same period of FY22. Export earnings from readymade garment in August 2022 grew by 36.04 per cent to $3.74 billion from $2.75 billion in the same month of 2021. In August 2022, the earnings from knitwear grew by 28.81 per cent to $2.06 billion while the earnings from woven garments increased by 46.08 per cent to $1.68 billion, the data showed.
