Cement exports from Bangladesh record a 12% fall in FY19-20

Cement exports from Bangladesh record a 12% fall in FY19-20
08 July 2020

Bangladesh's cement industry has earned export revenue of US$9.14m in the FY19-20 (July 2019-June 2020), compared to US$10.41m bagged in 12MFY18-19, a significant contraction of 12.2 per cent YoY. The export figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB).

The export value for cement decreased by -13 per cent, underperforming when compared with the FY19-20 government target.The EPB had set a lower export target for the cement industry at US$10.50m for FY19-20 compared to US$14m for the previous fiscal year, following a decrease of cement export earnings to U$10.41m in FY18-19.

The country's total export earnings continued to decline as merchandise shipments witnessed a 16.9 per cent fall in FY19-20. The aggregate export earnings from July 2019-June 2020 stood at US$33.67bn, against US$40.53bn earnings of the corresponding period of last fiscal, according to the EPB data.

Bangladesh cement producers export cement to overseas markets including India, Myanmar, Nepal, Maldives and Sri Lanka.

Published under Cement News