It was an increase of 48.8% from April-December in FY 2021. Facebook; . In the fiscal ending June 30, 2021, readymade garment exports from Bangladesh increased by 12.55 per cent to $31.456 billion compared to exports of $27.949 billion in the previous fiscal. The association said Bangladesh offers the most competitive price, followed by China, Vietnam, Indonesia, India and Cambodia. The first three known cases were reported on 8 March 2020 by the country's epidemiology institute, IEDCR.Since then, the pandemic has spread day by day over . Details Export (Goods) For The Month of July-Aug 2021-22. Ni Wayan Lestari, Head-Foreign Trade, Bali Province Industry . If you would like to subscribe to the relevant service, please contact us. The COVID-19 pandemic in Bangladesh is part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).The virus was confirmed to have spread to Bangladesh in March 2020. DHAKA, Oct. 5 (Xinhua) -- Bangladesh's export earning in the first quarter of the current 2020-21 fiscal year (July 2020-June 2021) grew 2.58 percent year on year to nearly 10 billion U.S. dollars, according to the official data released Monday. Bangladesh is one of the top 10 export destinations for Pakistani products. Growth outlook and risks Even as the pandemic persists, developing Asia is forecast to sustain its strong rebound broadly in line with April forecasts in Asian Development Outlook 2021 (ADO 2021). Of the amount, knitwear exports earned $13.27 billion, up 32.89% year-on-year, and woven products exports earned $10.71 billion, increasing by27.23% in the July-January period of 2022. Bangladesh celebrated its 50th year in 2021, marking significant improvement in the lives of its citizens. According to the United States Fashion Industry Association (USFIA), the unit price of apparel products in Bangladesh was USD 2.5 in July-May 2021 as against the global average of USD 2.6. The country has now set itself an ambitious GDP growth target of 7.2 percent for the fiscal year 2021-22. . (external link) , going up to 8.2 per cent in 2019. A fire engulfed a food and drink factory in Bangladesh killing at least 52 people, many of whom were trapped inside by an illegally locked door . Contact. . Video Player Close. However, the celebrations were muted by not just the ongoing pandemic but also increasing authoritarianism. Bangladesh's export-oriented factories to reopen amid COVID-19 lockdown. More than $4.9 billion worth of goods were shipped in December, a monthly record, propelling the overall export earnings to $39.14 in 2021, according to data published by the Export Promotion. With agriculture as the country's primary employment, Bangladesh started to grow as a more significant garment exporter country when the focus shifted to the export industry. Choose Bangladesh as your sole green and compliant hub for sourcing. List. In September 2021, the exports grew 22.63% from September 2020, amounting to $33.79 billion. The government's advanced export target for the cement industry was US$8m for July 2021-June 2022, compared to US$7.26m achieved in the previous fiscal year. The first coal-laden rake left for Bangladesh on July 2 and the coal send was of below 2,200 gross calorific value (GCV), meant for the 1,320 MW Rampal thermal power station, an NTPC and . . As pandemic restrictions eased in July, exports saw a new dynamism. Future Development. Muslim 88.4%, other 11.6% ECONOMY Economic Overview one of the fastest growing economies; significant poverty reduction; COVID-19 adversely impacted female labor force participation and undermined . The average export price of fresh and cold storage garlic was 1,022.19 USD per ton in July, which was 0.71% lower than in June, but 54.05% higher than in July last year. Figure 3: Bangladesh's Yarn Imports Source . Access Restricted Access to this content is restricted. In yet another shocking inferno, at least 52 mostly teenage workers died in a sweatshop factory, when a blaze engulfed a multi-storey food and beverage factory, just outside . July 9, 2021. For calendar year 2020 . WASHINGTON, April 12, 2021—Private exporters reported to the U.S. Department of Agriculture the follow activity: Export sales of 132,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year; and Export . Bangladesh's Apparel Export to World Value in Million USD (Calendar Year Basis) Bangladesh's export earnings in the first five months of the current 2021-22 fiscal year (July 2021-June 2022) grew 24.29 per cent year-on-year to nearly $20 billion, according to the latest official data. Home textiles registered a growth of 36.79 per cent in the first nine months (July-March) of the current 2021-22 fiscal year even if according to the latest data from Bangladesh's Export Promotion Bureau (EPB), home textile exporters earned Taka around US $ 1.15 billion or around Taka 115.78 from home textile exports, which is around 36.79 per cent more than the entire period of the last . Bangladesh Exports Exports in Bangladesh increased to 360.39 BDT Billion in December from 302.27 BDT Billion in November of 2021. source: Bangladesh Bank 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Bangladesh Exports Bangladesh is world's second-biggest apparel exporter after China. In 2012, Bangladesh's textile industry made up to 79% of the country's export income and by the end of 2021; Bangladesh plans to achieve a target of apparel exports . As of July 2021, only $366 million of around $1 billion humanitarian assistance fund required for Rohingya refugees has been committed or disbursed. Published On 23 Jul 2021 23 Jul 2021 . The average value for Bangladesh during that period was 6032.54 GWh with a minimum of 4174 GWh in February 2019 and a maximum of 7583 GWh in April 2021. Office of Agricultural Affairs. Registering a 51% Y-o-Y growth and has already exceeded the import value registered in 2020 in just nine months of 2021. 9 July 2021. The economy will continue to recover, but an anticipated slowdown in economic activity in Europe and the US (Bangladesh's leading export markets) will exert a mild drag on overall GDP growth in fiscal year 2021/22 (July-June) compared with the previous year. . — Reuters/File Pakistan's exports posted a 17.5 per cent growth in October, rising to $2.471 billion as . According to the Export Promotion Bureau (EPB) data, Bangladesh earned $35.81 billion in 2021, while Vietnam earned $32.75 billion in the same period as per the data of the General Statistics Office. Monthly Summary Sheet 2021-2022 For The Month of July- August 2021-22. July 2020, but even there they remain well below numbers before COVID-19. Imports in Bangladesh decreased to 590.01 BDT Billion in January from 655.77 BDT Billion in December of 2021. Falling exports. Akhtar Mahmood details the role of government in Bangladesh's development journey. which were imposed on July 1 to counter a surge in coronavirus cases, allowing tens of thousands of . Bangladesh represents an excellent potential market for U.S. exports. The export of agricultural products sees a 24.37 percent growth during this five-month period compared to the same period of the previous fiscal year (FY21). Bangladesh's home textile industry has become the second biggest export earner for the country after the readymade garment sector, leaving behind all other sectors. With a population of 165 million, Bangladesh is the eighth-most populous country in the world. Imports in Bangladesh averaged 100.34 BDT Billion from 1976 until 2022, reaching an all time high of 655.77 BDT Billion in December of 2021 and a record low of 0.57 BDT Billion in November of 1976. In a bid to woo Bangladesh, China has provided a huge trade boost to the country by announcing tariff exemption for 97% of Bangladeshi products effective from 1 st July 2020. DHAKA, Nov. 3 (Xinhua) -- Bangladesh's total goods export income in the first four months of the current fiscal year (July 2021-June 2022) surged about 23 percent year on year to nearly 16 billion U.S. dollars, thanks to a hefty rise in shipments of readymade garment items, an official said Wednesday. Last modified on Fri 9 Jul 2021 15.30 EDT. Mon, 9 August 2021. The government's advanced export target for the cement industry was US$8m for July 2021-June 2022, compared to US$7.26m achieved in the previous fiscal year. (February 2016 through July 2021) To be placed on the LNG Monthly email distribution list, please add your contact information here: . The share of RMG was 86.6 percent of total exports in 2018, as it has been for about the past two decades. Before an economic downturn in 2020 due to the COVID-19, Bangladesh's GDP grew by an average of 6.9% per annum from 2011 to 2019. Thou Vireak. In July 2021, the exports accounted for $35.43, an increase of over 49.85% from July 2020. For the first time, India's exports crossed $300 billion in the first three quarters of 2021-22. Figure 2: Bangladesh's Yarn Exports Source: TDM Through the first nine months of CY 2021, the value of cotton yarn imports is up by 126 percent to $1,426 million over the same period in CY 2020 (Figure 3). Bangladesh's readymade garment exports to the European Union declined 3.39 percent to $3.4 billion in July-August of the current fiscal year 2021-22, from $3.51 billion in the same period of FY 2020-21, as the bloc's economy continues to recover from the Covid impact. Panama* Latin America and the Caribbean 18 35.9 0.4% Mar 2, 2021- Jul 27, 2021 (in Million) Bangladesh continues to fall below the Asian average for vaccine doses administered ( per 100 people). Imports in Bangladesh decreased to 590.01 BDT Billion in January from 655.77 BDT Billion in December of 2021. Bangladesh's cement industry earned an export revenue of US$7.26m in the last fiscal year (July 2020-June 2021), compared to US$9.14m in the year-ago period, a fall of 20.6 per cent YoY. It is classified among the Next Eleven emerging market middle income economies and a frontier market.In the first quarter of 2019, Bangladesh's was the world's . Though there was a turning point in July, Bangladesh didn't reach its export targets. With a growing middle class, it has made progress in reducing poverty, attaining the World Bank's . REUTERS/Mohammad Ponir Hossain Reuters By Ruma Paul DHAKA (Reuters) - Bangladesh's exports jumped 15% to $38.76 billion in the financial year ended June, data showed. As per official OTEXA data, the USA imported brassieres worth $2.10 billion from January to September of 21 calendar year. The regional economy is projected to grow by 7.2% in 2021, slightly lower Bangladesh's exports jumped 15 percent to $38.76 billion in the financial year ended June, data showed on Tuesday, led by a rebound in demand for garments as Western economies recovered. The country has pursued export-oriented industrialisation, with its key export sectors include textiles, shipbuilding, fish and seafood, jute and leather goods. Bangladesh's export basket is four times more concentrated than the developing country average and less diversified even compared with low-income countries. The economy of Bangladesh has grown steadily over the past decade. It is the 42nd largest in the world in nominal terms or at current prices, and 30th largest by purchasing power parity; international dollars at current prices. Trade Information Center(TIC) About TIC; TIC Services; . People crowd a market area ahead of Eid-al Adha in Dhaka, Bangladesh, Friday, July 16, 2021. When we talk about its GDP by sector, so agriculture: 14%, industry: 35% . DHAKA, Bangladesh — At least 51 people died in a fire on Thursday evening at an industrial building outside the Bangladeshi capital, Dhaka, the latest disaster in a country with a . Data from the Industry and Trade Office of the Province of Bali shows, during the first half of 2021, the value of Indonesia's textile exports decreased by 47.93 percent Y-o-Y in meters. It was an increase of 48.8% from April-December in FY 2021. Export Promotion Bureau Government of the People's Republic of Bangladesh Select menu. In the. Bangladesh: ready-made garment exports for July/September 11:34 GMT 11/10/2021. Bangladesh's GDP per capita is $2,120 (nominal) and $5,800 (PPP) in the year 2021. Population Growth 0.95% (2021 est.) . Bangladesh's cement industry earned an export revenue of US$7.26m in the last fiscal year (July 2020-June 2021), compared to US$9.14m in the year-ago period, a fall of 20.6 per cent YoY. Akhtar Mahmood details the role of government in Bangladesh's development journey. AgDhaka@usda.gov More Office Information. ISLAMABAD (APP): Pakistan's exports to the seven regional countries witnessed an increase of 34.75 percent in first two months of current financial year (2021-22) as compared to the corresponding months of last year.The country's exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives account for a small amount […] Of which Pakistan's exports to Bangladesh in that time were $650.21 million while imports stood at $71.45 million. Missions Export (Goods) performance July-Aug 2021-22. A fire engulfed a food and drink factory in Bangladesh killing at least 52 people, many of whom were trapped inside by an illegally locked door . Details Export (Goods) For The Month of July-Aug 2021-22. A resolution to the Rohingya refugee crisis remains elusive, and in the long run the country remains . against Bangladesh's rapidly developing economy. In the latest instance, exports in the sector fell 20.8 percent in one year from $15.5 billion in 2019-20 to $12.3 billion in the past financial year. Bangladesh witnessed a healthy growth trend in the export of agricultural products during the July-November period of current fiscal year (FY22), fetching $556.46 million. With macro-economic stability as its cornerstone, Bangladesh's economy has increased . Bangladesh has had an annual GDP growth rate of over 6 per cent since 2011. Bangladesh lifts lockdown to celebrate, exasperating experts. The Export Promotion . Share. With a growing middle class, Bangladesh attained the World Bank's lower-middle income status in 2015 with a GNI per capita of $1,190, which grew to $2,010 in . Millions of Bangladeshis are shopping and traveling during a controversial eight-day pause in the country's strict coronavirus lockdown that the government is allowing for the Islamic . In nominal terms, the country's economy is the 39 th largest and 30 th largest by purchasing power parity. Electricity generation in Bangladesh, July 2018 - July 2021: For that indicator, we provide data for Bangladesh from July 2018 to July 2021. By Xinhua Published: Aug 02, 2021 11:36 AM. Bilateral trade between Pakistan and Bangladesh for the year 2020-21 was $721.67 million. as on July 26, 2021 unless otherwise mentioned 2/ Mobility which increased in May, reflecting a pick-up of economic activity, has been declining since . Knitwear export struggled to retain 0.35 per cent growth in March 2021 over March 2019; the average growth of knitwear export for July-March 2020-21 than July-March 2018-19 is 1.15 per cent in the . Indonesia's textile exports declined considerably during H1 FY2021 on an annual basis (Y-o-Y). Acknowledgements This page provides the latest reported value for - Bangladesh Imports - plus previous . However,. (July 2021 est.) the success of its garment exports, remittances by migrant . Country Wise Export (Goods) For The Month of July-Aug 2021-22. Bangladesh is the eighth most populous country in the world, and the most densely populated other than city states. Bangladesh, on July 31, 2021. Its GDP growth rate is 6.8% in the year 2021. In 1971, Pakistan was 70% richer than Bangladesh; today, Bangladesh is 45% richer than Pakistan, the global think tank mentioned. DHAKA: Bangladesh's total exports in the first half of the fiscal year 2021/22 reached nearly $25 billion, up 28.41 per cent year-on -year, according to the latest official data. July 9, 2021. In 2020, Bangladesh lost its second position as apparel exporter to Vietnam, when it earned $27.47 billion against $29.80 billion. Product Wise Export (Goods) For The Month of July-Agu 2021-22. For the first time, India's exports crossed $300 billion in the first three quarters of 2021-22. Exports went up from 676 units in July'20 to 2,052 units in July'21. Last modified on Fri 9 Jul 2021 15.30 EDT. With a growing middle class, Bangladesh attained the World Bank's lower-middle income status in 2015 with a GNI per capita of $1,190, which grew to $2,010 in . Imports in Bangladesh averaged 100.34 BDT Billion from 1976 until 2022, reaching an all time high of 655.77 BDT Billion in December of 2021 and a record low of 0.57 BDT Billion in November of 1976. Cashew exports increase 345% in January-July 2021. logistics can help the Bangladeshi economy recover from COVIDthe -19 pandemic and build resilience to future shocks. The budget deficit will remain wide in fiscal year 2021/22 (July-June) amid elevated . Chairman List; Vice Chairman List; TIC. During the July-Oct 2021 period, Pakistan's exports grew by 25pc to $9.468 billion. The emerging scenario of volume-driven export growth is also corroborated by our export performance in the EU market, Bangladesh's most important market for RMG. July 9, 2021. EPB data also showed that in January 2022 month alone, the RMG export fetched $4.09 billion, up by 42.5% from the same period 2021 - which was $2.87 billion. The cutoff date for data used in this report is March 15, 2021. The Economy of Bangladesh is characterised as a developing market economy. This year was a different story. Its GDP rank is 37th (nominal) and 31st (PPP) in the year 2021. (Export was USD 6.43 billion during. Its GDP per capita rank is 149th (nominal) and 130th (PPP) in the year 2021. During the July-January period of FY 2021-22, earnings from Bangladesh readymade garments (RMG) exports grew by 30.3 per cent to $23.98 billion, shows data from Export Promotion Bureau. It is largely based on the "report Moving Forward: Connectivity and Logistics to Sustain Bangladesh's Success." (Herrera Dappe et al 2020). Product Wise Export (Goods) For The Month of July-Agu 2021-22. Garments with "Made in Bangladesh" tag reach people of all ages in more than 150 countries, essentially providing with their second skin, keeping them warm during winter, comfortable in summer and trendy in autumn. July 22, 2019 How Bangladesh . . (Data are collected from reports of various media outlets) Hong Menea. This growth had been largely driven by its exports of ready made garments, remittances and the domestic agricultural sector. Pakistan's per capita income, meanwhile, is $1,543, it said. Monthly Summary Sheet 2021-2022 For The Month of July- August 2021-22. The Kingdom exported 866,207.77 tonnes of cashew nuts in the first seven months of 2021, a 345.29 per cent year-on-year surge, with Vietnam as the main buyer, the Ministry of Agriculture, Forestry and Fisheries reported. According to reports, home textiles registered a growth of 36.79 per cent in the first nine months (July-March) of the current 2021-22 fiscal year even if according to the latest data […] Bangladesh represents an excellent potential market for U.S. exports. India has exported over $1,176 million of cotton yarn to Bangladesh as of September 2021. . Garment. Bangladesh. Bangladesh reimposes COVID lockdown for two weeks. Tata recorded a strong growth of 204% in the CV Export category. The current export basket is heavily dependent on RMG. Facebook; . (Photo: Xinhua) List. The economy will continue to recover, but an anticipated slowdown in economic activity in Europe and the US (Bangladesh's leading export markets) will exert a mild drag on overall GDP growth in fiscal year 2021/22 (July-June) compared with the previous year. The economy was hit hard by the pandemic, but a recovery appears to be underway. COVID-19 vaccine doses administered per 100 people . Bangladesh exported $120 million worth of brassiere to the USA, registering 41 percent yearly growth. Tata Motors Sales July 2021. Learn More. In September 2021, the exports grew 22.63% from September 2020, amounting to $33.79 billion. However, when compared with . The world's second-largest apparel producer after China took a roughly $6 billion hit in the 2019-20 financial year, with The Export Promotion Bureau (EPB) data posted on its website showed Bangladesh earned a total of . In 2021, Bangladesh's GDP per capita had grown by 9% rising to $2,227. Picture taken February 7, 2021. . the success of its garment exports, remittances by migrant . 299.9 Bcf of exports in July 2021 o 10.6% increase from June 2021 o 212.2% more than July 2020 . Bangladesh South Asia 12 41.5 0.5% 30. DHAKA, Nov. 3 (Xinhua) -- Bangladesh's total goods export income in the first four months of the current fiscal year (July 2021-June 2022) surged about 23 percent year on year to nearly 16 billion U.S. dollars, thanks to a hefty rise in shipments of readymade garment items, an official said Wednesday. Missions Export (Goods) performance July-Aug 2021-22. According to the International Monetary Fund, GDP growth remained positive at 3.8 per cent in 2020 despite the effects of the COVID-19 pandemic, and is expected to rise to 4.4 per cent in 2021 and 7.9 per cent in 2022. The disbursement has declined to 34 percent of . 3rd Quarter-2020-2021 (July-March) Missions Export (Goods) performace July-March 2020-21 Monthly Statement 2020-21_(P4) July- March Review 2020-2021 . Dhaka Website. This page provides the latest reported value for - Bangladesh Imports - plus previous . Bangladesh is the eighth most populous country in the world, and the most densely populated other than city states. Bangladesh's exports in June grew at a record pace of 31% from a year earlier to $3.58 billion, led by more orders from the United States and Europe, the main destinations of apparel sales. In July 2021, the exports accounted for $35.43, an increase of over 49.85% from July 2020. Future Development. Get Bangladesh export data and expand export business in Bangladesh.. Bangladesh has a developing market economy. Country Wise Export (Goods) For The Month of July-Aug 2021-22. Posted in: Cotlook Headlines. If you are a subscriber, please login above. BANGLADESH GEOGRAPHY Area Total: 148,460 sq km Land: 130,170 sq km Water: 18,290 sq km . Cases, allowing tens of thousands of posted a 17.5 per cent growth October! India has exported over $ 1,176 million of cotton yarn to Bangladesh as of September,... Cases, allowing tens of thousands of 130th ( PPP ) in the run! Subscriber, please login above developing economy in 2018, as it has progress! 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