Exports rise 6pc in Feb
Exports accelerated 6.36 percent year-on-year to $2.38 billion in February, data from the Export Promotion Bureau shows.
Shipments are on the rise despite adversities such as the Tazreen Fashions fire and Rana Plaza collapse because of higher demand for garment items.
The country fetched $19.82 billion in July-February, a 13.96 percent rise from the same time last year, data shows.
However, a month-on-month comparison shows exports in February dropped 13.23 percent from January. Exports were 3.76 percent lower than the $2.48 billion target, data showed.
“The export trend is still good. We will be able to achieve the $30.5 billion target at the end of the year,” said Shubhashish Bose, vice-president of EPB.
“Demand for our garment products is high for price competitiveness and quality.”
In recent months, leather and leather goods, bicycles, light-engineering products and frozen foods are also performing well, he added.
Bangladesh exported $7.91 billion of knitwear products and woven garments worth $8.22 billion in July-February, registering growth of 17.5 percent and 15.92 percent respectively from the same time last year.
However, Shahidullah Azim, vice-president of Bangladesh Garment Manufacturers and Exporters Association, said exports in February dropped from January, which indicates that the trend may not be positive in the near future.
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