Bangladesh have earned $30.66 billion in the first 11 months of outgoing 2015-16 fiscal year.
Published : 09 Jun 2016, 02:33 AM
The earnings in this July-May period were 8.95 percent more than those were in the same period last fiscal.
Commerce Minister Tofail Ahmed hopes that the export earnings will cross $34 billion by the end of the ongoing financial year ending on June 30.
"The export earnings are increasing every month. The trend will continue in June and will cross $34 billion in total," he told bdnews24.com on Wednesday.
Finance Minister AMA Muhith said the overall export earnings increased because of a rise in readymade garment exports to the US and Europe.
He hoped the growth would cross the 10 percent mark in the outgoing fiscal.
"Bangladesh's export earnings have risen as the economic conditions in the US and other developed countries, including those in Europe, are getting better. We hope the upbeat trend will continue," he said.
Reserves rising
Bangladesh's foreign currency reserves are increasing on export despite a drop in remittance inflow.
On Wednesday, the reserves were $28.9 billion.
Those crossed the $29 billion mark for the first time in April but dropped after import costs were paid up in May.
Now the reserves are about to cross the $29 billion mark again.
In the July-May period this fiscal, expatriates remitted $13.45 billion - 3 percent less than they did in the same period last fiscal year.