Cement export revenue falls during 5MFY20-21 in Bangladesh
Image: Collected
Bangladesh's cement sector has earned export earnings of US$2.82m found in the five-month amount of July-November 2020 (5MFY20-21), compared to US$4.08m found in the year-ago period, a good fall of 30.9 % YoY. The number also includes a amount of salt, natural stone and related products, in line with the Bangladesh Export Advertising Bureau (EPB) data.
The export value for cement reduced by 28.4 per cent, underperforming in comparison to the federal government target set for the time.
Meanwhile, the EPB has set a sophisticated export aim for for the cement industry at US$10m for FY20-21 (July 2020-June 2021), compared to US$9.14m for the prior fiscal year, carrying out a loss of cement export earnings in recent years.
However, the country's total export revenue from all of those other merchandise shipments witnessed a 0.9 % growth in the 5MFY20-21. Aggregate export revenue stood at US$15.92bn, against US$15.77bn in the corresponding period of the previous fiscal, in line with the EPB data. The government has set an export-generating target of US$41bn from items in the FY20-21. Export income in the last fiscal year totalled US$33.67bn.
Source: https://www.cemnet.com
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