Abdur Rahim Harmachi, Chief Economics Correspondent, bdnews24.com
Published: 2017-09-11 03:20:24 BdST
Exports fetched the country $6.84 billion in July and August, which is around 14 percent more than the same period last financial year and nearly 8 percent more than the target set in the budget.
To top it off, the amount of money sent by expatriate Bangladeshis grew by 16 percent year-on-year to $2.53 billion after a nosedive to a six-year low of $12.77 billion in the last fiscal year.
Economists and exporters are seeing the growths as a good sign for Bangladesh's economy.
According to data released by the Export Promotion Bureau earlier in the day, the country exported goods worth $3.2 billion in July and $3.64 billion in August.
As usual, the exports grew on readymade garments that contributed $5.52 billion or over 83 percent of the total figure.
Bangladesh Garments Manufacturers and Exporters Association Vice President Mahmud Hasan Khan Babu was happy with the growth in exports.
He, however, was worried over the drop in the prices of garments. "It will need at least three to four months to understand the condition," he said.
The government targets to export $37.5 billion in the current financial year.
Last year, the country exported goods worth over $34.65 billion with a growth of 3.39 percent against a target of $37 billion.