Export earnings fetch record $55.55 billion in FY23

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

According to the latest statistics of the Export Promotion Bureau (EPB), the country's export earnings witnessed 6.67 per cent 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 per cent to $46.99 billion from $42.61 billion in the same period of FY22, according to data released by the Export Promotion Bureau (EPB) on Monday.

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

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

/KN/