RMG sector is still boosting Bangladesh exports to $25 Billions after all the struggle

Fazlul Haque, Staff Correspondent : Bangladesh’s exports rose by nearly 9% to $24.95 billion in the first nine months of the current fiscal year. The country’s export earnings were $22.90 billion in fiscal 2014-15. According to Export Promotion Bureau (EPB) data released on Tuesday, Bangladesh earned the amount by exporting goods during the July-March period of the fiscal year. The figure is 2.12% higher against the strategic target of $24.43 billion, set for the first nine months of the financial year. Bangladesh fetched $2.83 billion in March of FY 2015-16, which is 9.20% higher compared to $2.6 billion in the same period last year.

RMG sector, the highest export earner, contributed $20.44 billion posting a 9.74% rise. In the same period last year, the sector earned $18.62 billion. As per the latest data, woven goods sector earned $10.76 billion, which is 12.64% higher compared to the same period last year, while knitwear earned $9.67 billion posting 6.68% growth.

One of the investor said, the export will be increased if the government can ensure the uninterrupted energy support with a stable political environment.

Different health and safety experts said that the export will boosting next year as well. Because the health and safety situation was the main concern during last 2 years for both the investors and the brands. Now the situation improved and we can concentrate more on the increasing sales and production.