During
July-May in the current 2012-13 fiscal, the country fetched around $24.32
billion from export, which is 10.67 percent higher than the amount earned in
last fiscal.
Still, the growth missed the target of $25.16 billion for the eleven months though it has remained stable for the last few months.
Still, the growth missed the target of $25.16 billion for the eleven months though it has remained stable for the last few months.
Bangladesh’s Export Promotion Bureau (EPB) revealed these
statistics on Sunday.
According to the EPB, the export revenue for 10 months starting from July fell 3.31 percent short of the target.
Analysis shows in May alone, exports earned around $2.54 billion – 3.54 percent less than the targeted goal.
Last year, the earning was almost $2.20 billion from export in May alone.
Quoting the EPB, Reuters news agency said on Sunday Bangladesh's exports rose 15.43 percent in May to $2.54 billion from a year earlier thanks to stronger clothing sales even as the country reviews safety standards at factories after two deadly incidents.
It added garment exports totaled $19.3 billion for the 11 months that ended in May, nearly 12 percent more than a year earlier.
The sharp increase comes as the government weighs industry reform after the collapse in April of the Rana Plaza factory complex killed 1,129 people. A fire at another factory last year killed 112.
The incidents have put the government, industrialists and the global brands that use the factories under pressure to reform an industry that employs four million and generates 80 percent of Bangladesh's export earnings.
Reuters also said monthly exports had fallen year-on-year from March through June as the global economic slowdown weighed on demand. But exports have since picked up, with a 10.67 percent rise in the July-May period.
Duty-free access offered by Western countries and low wages have helped make Bangladesh the world's second-largest apparel exporter after China, with 60 percent of clothes going to Europe and 23 percent to the United States.
The European Union and the United States had threatened punitive measures in order to press Dhaka to improve worker safety standards after the collapse in April of the illegally built factory.
According to the EPB, the export revenue for 10 months starting from July fell 3.31 percent short of the target.
Analysis shows in May alone, exports earned around $2.54 billion – 3.54 percent less than the targeted goal.
Last year, the earning was almost $2.20 billion from export in May alone.
Quoting the EPB, Reuters news agency said on Sunday Bangladesh's exports rose 15.43 percent in May to $2.54 billion from a year earlier thanks to stronger clothing sales even as the country reviews safety standards at factories after two deadly incidents.
It added garment exports totaled $19.3 billion for the 11 months that ended in May, nearly 12 percent more than a year earlier.
The sharp increase comes as the government weighs industry reform after the collapse in April of the Rana Plaza factory complex killed 1,129 people. A fire at another factory last year killed 112.
The incidents have put the government, industrialists and the global brands that use the factories under pressure to reform an industry that employs four million and generates 80 percent of Bangladesh's export earnings.
Reuters also said monthly exports had fallen year-on-year from March through June as the global economic slowdown weighed on demand. But exports have since picked up, with a 10.67 percent rise in the July-May period.
Duty-free access offered by Western countries and low wages have helped make Bangladesh the world's second-largest apparel exporter after China, with 60 percent of clothes going to Europe and 23 percent to the United States.
The European Union and the United States had threatened punitive measures in order to press Dhaka to improve worker safety standards after the collapse in April of the illegally built factory.
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