Bangladesh leather sector exports continue positive trend, 932 Mln USD fetched in 1st 7 months of FY 2021-22

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Bangladesh’s exports have scaled new heights in 2021 on the back of a lucrative holiday shopping season in the West, injecting fresh impetus into the economy as it shakes off a pandemic-driven slowdown.

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Around $155.55 million worth of goods were shipped in January, a monthly record, propelling the overall export earnings to $931.74 million in 2021, according to data published by the Export Promotion Bureau which is 11% more than 1st seven months strategic target and 29% compared to FY 20-21.

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Leather Footwear (HS code 64) sub-sector contributed to about $414.52 million that is 44.5% of total sector, 14% more than Jul 21-Jan 22 strategic target and 26% compared to same period of FY 20-21.

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Other Footwear (HS code 6403) sub-sector contributed to about $249 million that is 26.7% of total sector, 6% more than Jul 21-Jan 22 strategic target and 26% compared to same period of FY 20-21.

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Leather Product (HS code 42) sub-sector contributed to about $183.43 million that is 19.7% of total sector, 12% more than Jul 21-Jan 22 strategic target and 37% compared to same period of FY 20-21.

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Leather (HS code 41) sub-sector contributed to about $84.89 million that is 9% of total sector, 11% more than Jul 21-Jan 22 strategic target and 33% compared to same period of FY 20-21.

It is expected to continue to rest of FY 21-22, as the holiday season in the West continued smoothly for the most part, barring some disruptions towards the end due to fears of the spread of omicron, a highly infectious but less severe coronavirus variant.

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