Bangladesh’s export earnings increased by 3.8 percent year-on-year to USD $4.78 billion in August, compared to the previous fiscal year (FY2022-23).

The Export Promotion Bureau (EPB) published this information on Monday (September 04, 2023), which shows that the garment sector is the major contributor to the overall export earnings.

The sector insider shows it as good news amidst falling inward remittances in August.

Also read: RMG exports for July-August this year grow by 12.46%

As a percentage, compared to 2022, export income increased by 3.8 percent in August 2023. However, the government's target was not met. The government's export revenue target for that month was over $4.87.

According to EPB data, 26 types of products including garments, medicine, and leather were exported to the world market in the month of August of the current financial year 2023-24. From there, $4.78 crore has been earned in August.

Also read: RMG exports: Bangladesh earned $3.95 billion in July, says BGMEA

During the same period of the financial year 2022-23, the export revenue was $4.6 billion. Accordingly, compared to last year, the income has increased by $17.51 crore, which has increased by 3.8 percent.

Also read: Bangladesh's RMG export to USA grows 6.31% in FY 2023-24