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.
More than $144.55 million worth of goods were shipped in December, a monthly record, propelling the overall export earnings to $776.79 million in 2021, according to data published by the Export Promotion Bureau which is 10% more than half year strategic target and 26% compared to 1st half of FY 20.
Leather Footwear (HS code 64) sub-sector contributed to about $343.96 million that is 44.3% of total sector, 13% more than half year strategic target and 23% compared to 1st half of FY 20.
Other Footwear (HS code 6403) sub-sector contributed to about $212.83 million that is 27.4% of total sector, 8% more than half year strategic target and 24% compared to 1st half of FY 20.
Leather Product (HS code 42) sub-sector contributed to about $150.13 million that is 19.3% of total sector, 9% more than half year strategic target and 33% compared to 1st half of FY 20.
Leather (HS code 41) sub-sector contributed to about $69.87 million that is 9% of total sector, 9% more than half year strategic target and 28% compared to 1st half of FY 20.
It is expected to continue to similar trend for 2nd half of FY 21, 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.
