Export earnings fetch record $55.55 billion in FY23

The country’s export earnings has fetched a record height of $55.55 billion during the outgoing fiscal year (FY23) despite the unstable global economic situation due to Ukraine-Russia conflict.

According to the latest statistics of the Export Promotion Bureau (EPB), the country’s export earnings witnessed 6.67 percent growth in the last fiscal year (FY23) compared to $52.08 billion in the same duration of the fiscal year (FY22).

Apparel exports in July-June of FY23 grew by 10.27 percent to $46.99 billion from $42.61 billion in the same period of FY22, according to data released by the Export Promotion Bureau (EPB) today.

Out of the overall exportable items, the export earnings from knitwear were $25.73 billion which is 10.87 percent higher than the previous fiscal. The export earnings from woven garments totaled $21.25 billion with a growth of 9.56 percent.

The performances of other major exportable items during the fiscal were plastic products $20.98 crore, leather and leather products $122.36 crore, fish $42.22 crore, agriculture product $84.30 crore, jute and jute goods $91.22 crore and chemical products $30.30 crore. (BSS)