Export growth 15 years’ low

Export growth 15 years’ low

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Bangladesh exports have grown by a meagre 1.69 percent in the year to June, with its slowest pace in 15 years.Exports fell 15.27 percent year-on-year to $3.04 billion in June, the last month of the fiscal year, according to the latest figures from the Export Promotion Bureau.

The apparel sector, which accounts for almost 80 percent of the exports, registered only 0.2 percent growth in FY2017.

The total exports between July 2016 and June 2017 stand at $34.83 billion, 5.85 percent lower than the target set for the period.

Garment, which comprises knitwear and woven items, earned $28.15 billion, 7.34 percent below the target.

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