Bangladesh’s export earnings in ten months of the current financial year grew by 6.41 per cent.

But the export earnings fell short by 0.30 per cent of the target. Earnings in April 2018 grew by 7.11 per cent.

It is a serious concern for Bangladesh that competing countries like Vietnam achieved double-digit export growth. The country’s readymade garment sector has been facing serious price challenges in the global market and exporters are considering various measures for cutting costs so that they can remain competitive in the market.

Garment exports have increased in quantity but prices of the products did not increase. While global buyers want full compliance they do not increase product prices but rather are gradually decreasing their target price of apparels.

Meanwhile export earnings from jute and jute goods in the ten months of the current fiscal increased by 7.66 per cent compared to the same period in the last fiscal. Leather and leather product exports witnessed a negative growth of 10.02 per cent. Leather footwear exports increased by 6.60 per cent. Exports of frozen and live fish grew by 2.32 per cent. Export earnings from agricultural products increased by 16.77 per cent. Home textile exports in the period grew by 13.07 per cent.