RMG drives Bangladesh’s July-February export to grow 7.38%

Bangladesh has earned $24.39 billion in the first eight months of 2017-18 fiscal year with a 7.38 percent year-on-year growth.

The export earnings from July to February, however, missed the target of $24.4 billion by 0.02 percent, according to data released by the Export Promotion Bureau on Thursday.

Readymade garment or RMG sector contributed $20.25 billion to the total export earnings, beating the target of 3.21 percent growth. The export earnings in the sector grew 8.68 percent in that period.

BGMEA President Siddiqur Rahman is pleased with the performance by the sector.

“It’s obviously positive…I hope it will grow by 10 percent in the rest of the financial year,” he told bdnews24.com.

The government targets to export $37.5 billion in the current fiscal year.   

Last financial year, it exported goods worth over $34.65 billion with a growth of 3.39 percent against a target of $37 billion.