Country’s export earnings from the United States in the first half of the current financial year 2018-19 grew by nearly 19 per cent as the ongoing trade tension between the US and China encouraged global garment retailers to increase their import orders to Bangladesh. According to the Export Promotion Bureau data, export of readymade garment products to the US, the largest export destination for Bangladesh, in the July-December period of FY19 increased by 18.93 per cent to $3.09 billion from $2.60 billion in the same period of FY18. Country’s overall export earnings from the US, in the first six months of FY 19 grew by 18.97 per cent to $3.45 billion from $2.90 billion in the same period of FY 18. Export earnings from Germany, the second highest export destination for Bangladesh, in July-December of FY19 grew by 9.89 per cent to $3.12 billion from $2.84 billion in the same period of FY18.RMG exports to the market in the period increased by 10.94 per cent to $2.95 billion. Export earnings from the United Kingdom, the third largest export destination for Bangladesh, continued to maintain a meagre growth due to the uncertainty surrounding Brexit. Export earnings from the UK in the first half of the current fiscal year grew by 3.16 per cent to $2.04 billion from $1.98 billion in the same period of FY18, data showed.RMG exports to the UK in the period increased by 1.03 per cent to $1.87 billion. Country’s export earnings growth in the Asian countries including Japan, China and India witnessed an extraordinary growth in the July-November period of the FY19. Export earnings from Japan in the first half of FY19 grew by 35.28 per cent to $689.39 million from $509.57 million in the same period of FY18.RMG exports to Japan in the July-December of FY 19 increased by 60.61 per cent to $547.21million from $363.31 million in the same period of FY18. Export earnings from China in July-December of FY19 grew by 35.81 per cent to $464.66 million from $342.14 million in the same period of FY18.RMG export to China in the first five months of FY19 grew by 60.53 per cent to $267.25 million.RMG export to India in the first half of FY 19 grew by 143.30 per cent to $270.86 million from $111.32 million in the same period of FY18. Country’s overall exports to India in the July-December period of FY19 stood at $665.93 million with an 84 per cent growth from the earnings $361.91million in the same period of FY18.
