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Negative trend in export earning continues

Rtv news
|  05 Mar 2021, 19:21
Negative trend in export earning continues
File Photo
The entire export sector has fallen under negative impact due to worldwide corona pandemic situation. The negative trend is continuing in the export earnings in Bangladesh.

According to the Export Promotion Bureau (EPB) latest information, the export earnings of Bangladesh have declined by 4 per cent in February of the current year comparing to the month of February last year. In the 28 days of February in the current year the export earning recorded 319 crore taka, which was 332 crore taka in the 29 days of February last year.

Bangladesh has earned 2 thousand 586 crore dollars from exporting commodities during July-February period of the ongoing 2020-21 fiscal year. It is 1.45 per cent less than the same period of the previous fiscal year and also 3.61 per cent less than the current target. During July-February of the 2019-20 fiscal year commodities worth 2624 crore dollars were earned through export.

In this regard Senior Vice President of Exporters Association of Bangladesh Mohammad Hatem said, the situation was running better than the expectation during corona pandemic. But the continuous price hike of thread has turned into a major problem.

Frozen fish export has declined by 10 per cent, shrimp export by 18 per cent, ceramic items by 13 per cent, leather and leather items declined by 4 per cent during July-February comparing to that period of the previous year.


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