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    Bangladesh’s exports grow at sharpest pace in 5 years this August | Trade Data News Bangladesh

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    Bangladesh’s merchandise exports posted a whopping 38.09 per cent year-on-year (Y-o-Y) growth this August to bring home US $ 4.67 billion, which is the sharpest pace of growth in the last five years.

    Media reports claimed this citing the Export Promotion Bureau’s provisional data.

    Reports further added Bangladesh recorded the highest-ever single-month earning in June (when shipment netted US $ 4.908 billion) even if in the first two months of the current fiscal year (July and August), export earnings totalled US $ 8.59 billion, registering Y-o-Y growth of 25.31 per cent.

    Meanwhile, speaking to the media, the Managing Director of Plummy Fashions Ltd., Md Fazlul Hoque, reportedly, attributed the export growth to the higher shipment of goods owing to upcoming Christmas even as Executive President of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Mohammad Hatem on his part, reportedly, claimed clearing of arrears by global retailers and brands contributed to the higher receipts last month while adding ‘export earnings will grow up to October as exporters will keep sending Christmas shipments’.

    Bangladesh’s merchandise exports posted a whopping 38.09 per cent year-on-year (Y-o-Y) growth this August to bring home US $ 4.67 billion, which is the sharpest pace of growth in the last five years.

    Media reports claimed this citing the Export Promotion Bureau’s provisional data.

    Reports further added Bangladesh recorded the highest-ever single-month earning in June (when shipment netted US $ 4.908 billion) even if in the first two months of the current fiscal year (July and August), export earnings totalled US $ 8.59 billion, registering Y-o-Y growth of 25.31 per cent.

    Meanwhile, speaking to the media, the Managing Director of Plummy Fashions Ltd., Md Fazlul Hoque, reportedly, attributed the export growth to the higher shipment of goods owing to upcoming Christmas even as Executive President of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Mohammad Hatem on his part, reportedly, claimed clearing of arrears by global retailers and brands contributed to the higher receipts last month while adding ‘export earnings will grow up to October as exporters will keep sending Christmas shipments’.

    This content was originally published here.

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