Bangladesh targets $37.5 billion export earning in FY2018

[bluesky]

Bangladesh targets $37.5 billion export earning in FY2018
Senior Correspondent, bdnews24.com

Published: 2017-07-30 17:13:40.0 BdST Updated: 2017-07-30 19:16:45.0 BdST

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  The apparel sector in Bangladesh has seen impressive growth over the years accounting for more than 80 percent of the total exports earnings of the country. File photo

Bangladesh has set an export target of $37.5 billion for the current fiscal year, which is a 1.35 percent rise from the previous year.

The government estimates the garment industry will be able to fetch $31.6 billion in exports by the end of the current fiscal year, accounting for almost 80 percent of the earning.

"I hope we will be able to achieve our target," Commerce Minister Tofail Ahmed told the media at the secretariat on Sunday after revealing the figures.

Bangladesh's exports earning stood at $34.83 billion in FY2017 against the target of $37 billion.

Ahmed said they expect the service sector to earn a further $3.5 billion by the end of the current fiscal year.

The target from woven garment is set at $15.06 billion, up 10.08 percent from last year while it is $15.10 billion for knitwear, which is a 9.76 percent rise.

In the just concluded fiscal 2016-17, the apparel sector earned $28.14 billion -- $14.39 billion from woven garments and $13.75 billion from knitwear, Ahmed said.

Sector

Target (US$)

Growth (%)

Jute and jute goods

1.05 billion

9.62

Leather and leather products

1.38 billion

11.83

Frozen fish

535 million

1.61

Agro-processing industry

570.6 million

4.13

Plastic products

148 million

26.55

Pharmaceuticals

100 million

12.15

Home textile

880 million

10.12

Engineering products

876 million

27.17

Ceramics

40.3 million

9.86

 

[bluesky]

Leather: $1.38 billion and leather products: $11.83 billion

These two figures for leather have surprised me. These are quite high figures. I think, when the tanneries move to a well-planned tannery zone in Savar, the leather industry will improve because both the quality and quantity will become larger than today. Moreover, a Savar-centered industry will certainly discourage smuggling of salted leather to India.

 

[Śakra]

$37.5 billion/ $5 walmart shirts= 7,500,000,000 shirts

7,500,000,000 shirts/ (365 days*16 hours)= ~284,247 shirts/hours

idk how many sweatshops there are in bngldsh or how many people they employ but that is quite a large number of shirts to be churning out.


**I'm assuming they are producing the shirts at $5 when we know they are probably selling them at $1 or so just for the sake of convenience.

 

[TopCat]

$37.5 billion/ $5 walmart shirts= 7,500,000,000 shirts

7,500,000,000 shirts/ (365 days*16 hours)= ~284,247 shirts/hours

idk how many sweatshops there are in bngldsh or how many people they employ but that is quite a large number of shirts to be churning out.


**I'm assuming they are producing the shirts at $5 when we know they are probably selling them at $1 or so just for the sake of convenience.

Why are you burning? Cant you even afford $5 dollar in Canada?

 

[Bilal9]

Why are you burning? Cant you even afford $5 dollar in Canada?

Classic brother.........

 

[Avicenna]

$37.5 billion/ $5 walmart shirts= 7,500,000,000 shirts

7,500,000,000 shirts/ (365 days*16 hours)= ~284,247 shirts/hours

idk how many sweatshops there are in bngldsh or how many people they employ but that is quite a large number of shirts to be churning out.


**I'm assuming they are producing the shirts at $5 when we know they are probably selling them at $1 or so just for the sake of convenience.

Not sure why you insist on posting in the Bangladeshi section. You really have nothing of use to say.

 

[Mage]

Why are you burning? Cant you even afford $5 dollar in Canada?

She can't even afford a washroom in her house.

 

[bluesky]

She can't even afford a washroom in her house.

But, is she a he or a she? Why Indians are so miser by tradition?

 

[Flynn Swagmire]

$37.5 billion/ $5 walmart shirts= 7,500,000,000 shirts

7,500,000,000 shirts/ (365 days*16 hours)= ~284,247 shirts/hours

idk how many sweatshops there are in bngldsh or how many people they employ but that is quite a large number of shirts to be churning out.


**I'm assuming they are producing the shirts at $5 when we know they are probably selling them at $1 or so just for the sake of convenience.

Can't afford a dirtcheap 5 dollar shirt?

Indian for a reason...

 

[damiendehorn]

But, is she a he or a she? Why Indians are so miser by tradition?

Inbetween....Good thing it's not in the USA.

 

[bd_4_ever]

She can't even afford a washroom in her house.

Well it could be a (he + she)/2.

 

[Bilal9]

Inbetween....Good thing it's not in the USA.

Eito dilo pant khuila....