Bangladesh cement revenue continues to surge

Bangladesh cement revenue continues to surge
10 July 2018

A growth of 17 per cent was recorded by Bangladesh's cement industry in export revenues during FY17-18 (July 2017-June 2018), says data released by Export Promotion Bureau (EPB).

The country exported cement and other materials worth of US$12.59m during FY17-18, compared to US$10.79m earned in the year-ago corresponding months. This represent a growth of over 16.68 per cent in exports YoY.

The export figure also includes a minor amount of salt, stone and related products, but the country's export promotion bureau is satisfied that there has been a significant rise in cement exports. The figure substantially exceeds the government's export target by 9.48 per cent for this period.

Bangladesh has set an export target of US$11.5m for the FY17-18 as compared to US$10.79m for the previous fiscal year. Presently, cement is being exported to India, Myanmar, Nepal, Maldives and Sri Lanka.

Published under Cement News