Export
US to help Bangladesh diversify exports
The US has assured Bangladesh of support in diversifying export products and exploring new markets to boost bilateral trade between the two countries
Bangladesh sets 12.65% export growth target for this fiscal year
Bangladesh’s exports are expected to grow by 12.65 percent year-on-year to $50 billion in the current fiscal year
BB finds six types of wrongdoing in export data
The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.
Achieving $110b export target by FY27 is difficult
The government’s target of earning $110 billion from exports by the fiscal year of 2026-27 would be difficult to attain because of the persisting challenges in the global and local economies, economists and businesspeople said.
Exports rise 10% to $5.1 billion in March
Despite the 10 percent growth in March, shipment is still 0.88 percent short of the monthly target at $5.14 billion
Banks don't need to submit hard copies of export docs: BB
The FX Dashboard will help promote paperless transactions
Opinion / Time for exporters to shed the cocoon of cash incentives
In light of the upcoming LDC graduation, exporters need to proactively prepare for changes.
Red Sea Crisis / Exporters fear delays, surge in cost
Bangladeshi exporters are apprehending prolonged delays in shipments and a surge in transport costs following recent attacks on commercial vessels on the Red Sea
FDI needed for RMG's sustainability
Bangladesh is very good at making cotton clothes but non-cotton products could be bolstered by foreign investment
When exporters launder crores
In what seems like a story straight out of a Netflix crime drama, a whopping Tk 821 crore has been laundered out of Bangladesh
Fakir Knitwear to invest $45.8m at BSMSN
Fakir Knitwear Limited is set to invest about $45.82 million to set up a knit composite factory at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram.
Exports climb 15.26% in July
Bangladesh's exports soared 15.26 percent year-on-year in July driven by an acceleration in the shipment of readymade garments, official figures showed today.
‘Coordinated efforts needed to diversify export market’
To diversify export destinations, Bangladesh needs to take up a comprehensive plan and coordinate efforts focusing on every country that bears potential, said Md Fazlul Hoque, former president of the Bangladesh Knitwear Manufacturers and Exporters Association.
Bangladesh earns $55.55b in export receipts in FY23, the highest-ever
Shipment fetched $52.08 billion in the previous financial year of 2021-22, according to data from the Export Promotion Bureau (EPB).
Electrical, electronic goods export surges
The shipment of electrical and electronics goods from Bangladesh displayed an impressive growth of 48 per cent in July-May of the outgoing financial year on the back of improving product quality and government support, official figures showed.
Garments export to US declines
Garment exports to the US, the single largest export destination of Bangladesh, declined by 17.88 percent year on year in January-April period.
Bangladesh retains second position in RMG export to EU
Bangladesh retained second position in apparel shipments to the European Union (EU) in the first two months of the current year with a 22.75 per cent share of the trade bloc’s overall garment imports, according to data from EUROSTAT.
Merchandise export earnings dip 16.52% in April
Export earnings declined 16.52 per cent year-on-year to $3.95 billion in April as the shipment of garments, the key export item, dipped owing to a reduced purchasing capacity of consumers in the western countries amid persistently higher inflation.
Export diversification still in slow lane
Bangladesh’s plans aimed at diversifying export baskets are yet to bring about the expected results as the priority sectors are not enjoying most of the benefits promised in the Export Policy for 2021-24, according to entrepreneurs.