In November 2016, country's export rose 5.46% to USD 2.89 billion, exceeding the monthly target by USD 196.32 million thanks to the performance of apparel, leather goods, jute and jute goods and shrimp sectors. Companies including Beximco Group and Pran Group had huge contribution to this.
Apparel sector contributes 80% of total export earning and brought USD2.31 billion last month. The apparel price had dropped due to fall in the euro against the dollar and also Brexit. Apart from this, currency devaluation against the dollar in the neighboring countries like India and Pakistan also affected competitive edge among exporters in the international market.
The second biggest export earning sector is leather, leather products and footwear and it increased by 16.62% to USD 533 million during the July-November period. Now still the leather goods and leather footwear’s export remain upbeat.
Leather footwear shipment rose 15.14% to USD232.89 million while raw jute shipping increased 17.78% to USD86 million during 2016-17 fiscal year.
Apparel sector contributes 80% of total export earning and brought USD2.31 billion last month. The apparel price had dropped due to fall in the euro against the dollar and also Brexit. Apart from this, currency devaluation against the dollar in the neighboring countries like India and Pakistan also affected competitive edge among exporters in the international market.
The second biggest export earning sector is leather, leather products and footwear and it increased by 16.62% to USD 533 million during the July-November period. Now still the leather goods and leather footwear’s export remain upbeat.
Leather footwear shipment rose 15.14% to USD232.89 million while raw jute shipping increased 17.78% to USD86 million during 2016-17 fiscal year.
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