Footwear the only bright spot for Bangladesh leather - leatherbiz: Lea Leatherbiz

News

Footwear the only bright spot for Bangladesh leather sector

10/12/2018
During the first five months of the current financial year, (July-November 2018), the Bangladesh leather industry registered a decline in export revenues of 16.1% compared to the same months a year earlier, falling to $434.7 million.

There was positive news from the leather footwear sector, which increased its export revenues over the period by 4.5%, reaching $264.3 million. However, the contributions of finished leather and of leathergoods fell, by 5.4% and more than 40% respectively.

Finished leather exports brought in $76.2 million, while shipments of leathergoods earned export revenues for Bangladesh of $94.2 million over the five-month period.

The government has set the Bangladesh leather industry a target of increasing export revenues by 3.5% during this financial year, to reach more than $1.1 billion in total.

Related stories:

Bangladesh’s PM appeals to Italy for leathergoods support 08/04/2019

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.