Bangladesh earns US$10.41m on export of cement in FY19

Bangladesh's cement industry has recorded a fall of 17.3 per cent in export revenue to US$10.41m between July 2018 and June 2019, compared to US$12.59m 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 25.6 per cent below the US$14m target set by the government for the period. For the FY18-19 the export target for the cement industry was US$14m, against US$12.59m from FY17-18.

The target was 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.