October’s export earnings declined by 7.85 per cent year-on-year to $4.35 billion because of slowdown in shipment of goods stemmed from the high inflation in the European countries, the main export destination for Bangladesh.
The earning of October is also 12.87 per cent lower than the monthly target of $5 billion, according to data from the Export Promotion Bureau (EPB) released today.
In the July-October period, Bangladesh’s merchandise shipment increased by 7.01 per cent year-on-year to $16.85 billion.
The earning of July-October, the first four months of the current fiscal year, is also 3.25 per cent lower than the target of $17.42 billion.
In July-October period, garment exports increased by 10.55 per cent year-on-year to $13.95 billion, the EPB data said.
