Bangladesh records a 20% fall in export revenue

Bangladesh's cement industry has recorded a 20.4 per cent decline in export revenue to US$8.82m during the 10MFY18-19, compared to US$11.08m of the corresponding period of the previous fiscal, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products.

The export value fell 23 per cent below the US$11.45m target set by the government for the period. For the FY18-19 the export target for the cement industry is US$14m, against US$12.59m from FY17-18. The target is based on the government's anticipation of an 11.2 per cent growth in cement exports.

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