Cement exports from Bangladesh fall in 5MFY18-19

Cement exports from Bangladesh fall in 5MFY18-19
07 December 2018

During the first five months of FY18-19 (July-Nov 2018), Bangladesh's cement industry recorded a -2.8 per cent contraction in export revenue to US$4.92m compared to US$5.06m, earned in the same months last year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products.

Bangladesh's government has set an export target of US$14m for cement industry for the FY18-19 (July 2018-June 2018), against US$12.59m from last fiscal year. The target is anticipated on an expected growth of 11.2 per cent.

Presently, cement is reportedly being exported to India, Myanmar, Nepal, Maldives and Sri Lanka.

Published under Cement News