Bangladesh: exports down
Bangladesh’s export earnings fell sharply in the first quarter of the current financial year July-September 2001, according to the country’s Export Promotion Bureau. The month of September was particularly poor with a contraction in exports of 12%.
Exports have failed to meet all government targets, which were based on predictions of a healthy expansion of the economy this year. Even leather exports - 4.13% higher in the quarter than last year at $59.18 million – were over 17% below the government target.
Overall for the first quarter of 2001 export earnings were $1,605.98 million, or 10.41% short of the government-projected $1,792.50 million and represent a contraction of 8.02% compared with the same period last year when earnings were $1,746.05 million.
