Bangladesh's leather exports increase

Published:  08 June, 2021

International demand amid economic recovery from Covid-19 has resulted in record growth for exports in May, with rebound for readymade garment (RMG) shipments and noteworthy increases in leather and leather goods exports.

According to Export Promotion Bureau (EPB) data, Bangladesh reached US$35.2 billion in exports in the first 11 months of the 2020-2021 fiscal year. Income from readymade garments, which usually contributes 84% in the national export in a year, surged by 11.1% to US$28.6 billion in the first 11 months of the 2020-21 fiscal year. Aside from RMG, leather and leather goods rose 14.43% to US$846.1 million. In addition, agricultural products rose by 16.13% to US$906 million.

Bangladesh export earnings in the previous financial year 2019-20 declined approximately 17% to US$33.7 billion.

Source: Xinhua