Bangladesh cement exports continue to slide in 9MFY19

Bangladesh cement exports continue to slide in 9MFY19
15 April 2019

Bangladesh's cement industry recorded a reduction of 16.4 per cent in export revenue to US$8.16m during the first nine months of FY18-19 (July 2018-March 2019) compared to US$9.76, earned in the equivalent period of the previous financial year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products.

The nine months' export value is also short by 21.2 per cent of the target set by the government for the 9MFY18-19, ie, US$10.35m.

For FY18-19 (July 2018-June 2019) the country's government has set an export target of US$14m for cement industry, against US$12.59m from the previous fiscal year. The target is based on the government's anticipation of 11.2 per cent growth in cement exports.

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

Published under Cement News

Tagged Under: Bangladesh Exports Trade