Bangladesh’s export earnings in October 2022 registered a negative growth for the second month in financial year 2022-23 due to an economic slowdown in the European Union caused by Russia-Ukraine war.
According to the Export Promotion Bureau data released on Wednesday, the export earnings in October of the current financial year of 2022-23 fell by 7.85 per cent to 4.35 billion year-on-year from $4.72 billion in the same month of FY 2021-22.
Experts and exporters said that the fall in exports was expected considering the present global economic volatilities.
They, however, said that the fall in export in October was not big as the earnings in the same month of 2021 witnessed a sharp jump and posted the highest ever single month earnings.
Export earnings in July-October of FY23 increased by 7.01 per cent to $ 16.85 billion from $15.75 billion in the same period of FY22.
Apparel exports in July-October of FY23 grew by 10.55 per cent to $13.95 billion from $12.62 billion in the same period of FY22.
Earnings from woven garments export in the four months of FY23 increased by 15.08 per cent to $6.22 billion from $5.41 billion in the same period of the past fiscal year.
Export earnings from knitwear in July-October of FY23 increased by 7.14 per cent to $7.72 billion from $7.21 billion in the same period of FY22.
Earnings from the home textile export in July-October of FY23 increased by 5.18 per cent to $434.16 million from $412.78 million in the same period of FY22.
Export earnings from leather and leather goods in the four months of FY23 increased by 17.42 per cent to $428.46 million from $364.9 million in the same period of FY22.
Earnings from export from leather-footwear in the period grew by 19.14 per cent to $ 269.43 million from $226.14 million while other leather products fetched $114.11 million with a 18.51per cent growth.
Export earnings from agriculture products in the four months of FY23 fell by 23.81 per cent to $353.62 million from $464.11 million in the same period of FY22.
Export of jute and jute goods, however, fell by 1.96 per cent to $326.47 million from $332.98 million, the data showed.
Export earnings from frozen and live fish fell by 23.78 per cent to $171.67 million from $225.23 million while the shrimp export decreased by 27.48 per cent to $131.31mtillion in the four months of FY23.
Export earnings from engineering products in July-October of FY23 fell by 47.66 per cent to $177.81 million from $339.73 million in the same period of FY22, the EPB data showed.
