Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-23

Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-23
09 January 2023

During the first six months of FY22-23 (July-December), Bangladesh's cement industry earned export revenue of US$4.69m on the export of cement, mostly to neighbouring Asian countries, compared to US$3.91m in the same six months last year. This translates to growth of 20 per cent YoY but marks a shortfall of 9.1 per cent to meet the target of US$5.166m set for these months of the ongoing fiscal year. The figure also includes a minor amount of salt, stone and related products, says the Bangladesh Export Promotion Bureau (EPB) data.

Bangladesh has set an export target for the cement industry at US$11m during the 12 months of the ongoing financial year ending 31 June 2023, compared to US$9.57m earned in FY21-22 (July 2021-June 2022). This translates to expected growth of 15 per cent YoY, according to the EPB.

Bangladesh's total merchandise exports, including cement, reached US$27.31bn during 6MFY22-23 against US$24.69bn in corresponding months a year earlier, reflecting growth of 10.6 per cent.

More than a dozen companies export cement to India, Myanmar, Nepal, Maldives and Sri Lanka.

Published under Cement News