Bangladesh's goods exports see 9.51% YoY growth in Q1 FY24, RMG rule

The export earnings during the same period of the last fiscal were worth $12,496.89 million.

The export earnings in September this year are, however, 7.05 per cent short of the strategic export target of $4,637 million, according to the latest statistics of the Export Promotion Bureau (EPB). The export earnings in September last year were $3,905.07 million.

Readymade garments (RMG) continued to rule the overseas market during this three-month period bagging $11,617.5 million with a 13.07 per cent YoY growth. Knitwear dominated, fetching the highest $6,762.59 million, followed by woven garments with $4,854.91 million, a news agency reported.

While exports fetched a record $55.56 billion in FY23, the government aims to export goods worth $62 billion in this fiscal, seeking an 11.59 per cent YoY growth.

ALCHEMPro News Desk (DS)