Bangladesh records a 20% fall in export revenue

Bangladesh records a 20% fall in export revenue
22 May 2019

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.

Published under Cement News