Bangladesh earns nearly 25 bln USD from exports in H1 of 2021-22 fiscal

Bangladesh's total exports in the first half of the current 2021-22 fiscal year (July 2021-June 2022) reached nearly 25 billion U.S. dollars, up 28.41 percent year on year, according to the latest official data.

The Export Promotion Bureau (EPB) data posted on its website showed that Bangladesh earned 24,698.55 million dollars from exports in the July-December period, compared to 19,233.45 million dollars a year earlier.

Of the total earnings, the EPB data showed the country's income from ready-made knitwear and woven garment items surged 28.02 percent to 19.90 billion dollars during the cited period.

In the first half of the current 2021-22 year, the EPB data showed knitwear garment export growth increased 30.91 percent to 11.16 billion dollars while woven garments rose 24.50 percent to 8.74 billion dollars, comparing with the same period of last fiscal year.

With hefty growth in garment exports, Bangladesh shipped goods worth 4.91 billion dollars in December, which was 48.27 percent higher than the same month a year ago.

Bangladesh set its export target in 2021-22 fiscal year at 43.50 billion dollars, including 35.14 billion dollars from ready-made garment products, which usually account for about 85 percent of the national shipment in a year.