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Bangladesh’s exports rise 5.89pc to $5.13b in January

UKBengali

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This does not include services and so around 6 billion US dollars last month.

BD could hit around 70 billion dollars of total exports in 2022-2023 fiscal.



"Bangladesh managed to bring in more than 5.0 billion US dollars in export receipts for a third consecutive month in January, beating the expectations of businesses.

"
However, the figure was below the target of $5.25 billion set by the government, falling short by 2.10 per cent, reports bdnews24.com.

Bangladesh earned over $5 billion in November and December, with the December figure of $5.37 billion being the highest in the country’s history.

The country fetched about $32.45 billion in the first seven months of the 2022-23 fiscal year, a 9.81 per cent jump from a year earlier.

Garment owners, whose exports account for the vast majority of Bangladesh’s earnings from abroad, have warned for the past four months that high inflation in Europe and America would cut into their sales.

Combined with the gas and power crisis in Bangladesh, they had expressed fears of a dip in exports in January."

Garment exports rose 14.31 per cent to $27.42 billion in the July-January period from a year earlier, beating the $26.17 billion target, EPB data shows.
 
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This does not include services and so around 6 billion US dollars last month.

BD could hit around 70 billion dollars of total exports in 2022-2023 fiscal.



"Bangladesh managed to bring in more than 5.0 billion US dollars in export receipts for a third consecutive month in January, beating the expectations of businesses.

"
However, the figure was below the target of $5.25 billion set by the government, falling short by 2.10 per cent, reports bdnews24.com.

Bangladesh earned over $5 billion in November and December, with the December figure of $5.37 billion being the highest in the country’s history.

The country fetched about $32.45 billion in the first seven months of the 2022-23 fiscal year, a 9.81 per cent jump from a year earlier.

Garment owners, whose exports account for the vast majority of Bangladesh’s earnings from abroad, have warned for the past four months that high inflation in Europe and America would cut into their sales.

Combined with the gas and power crisis in Bangladesh, they had expressed fears of a dip in exports in January."

Garment exports rose 14.31 per cent to $27.42 billion in the July-January period from a year earlier, beating the $26.17 billion target, EPB data shows.

Very good. I did think figures when $5bn was crossed perhaps occurred as a result of delayed payments clearing coincidentally inflating the numbers.

Brings into focus the current IMF loan... in all honesty its irrelevance in the overall scheme of things as BD economy keeps expanding.

However whilst i hope this continues as devaluation of Taka overall has improved our competitiveness even with increased cost of imports the fact is global recession is here. We wont be impacted as much as others but impacted we will. Cautious management of the economy is necessary.
 
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