Bangladesh's export earnings hit record high $52.08B in FY22

For the first time, Bangladesh’s export earnings crossed $52.08 billion in the outgoing fiscal year 2021-22 on the back of a record shipment by the readymade garments sector.

Besides, other emerging sectors such as home textiles, leather and leather goods and agricultural products also performed better in the export outlook.

According to the provisional data of the Export Promotion Bureau (EPB), released on Sunday, this year’s export earnings target from goods shipment was $43.5 billion, which was reached within 10 months. At the end of the fiscal year, the total earnings grew by $8.58$ billion, which is more than the target.

However, jute and jute goods, once regarded as golden fiber, lost its glory as the sector recorded a 2.91% negative growth to $1.12 billion which was $1.16 billion in FY 21.