Bangladesh’s agri products export opens new windows
“Bangladesh’s exports of agricultural goods brought over $1 billion in FY22. According to Export Promotion Bureau (EPB) figures, agricultural products and processed foods brought $1.16 billion in foreign exchange in FY22, a 13.04% increase from the previous year.
In FY21, Bangladeshi agricultural exports exceeded $1 billion for the first time in the nation’s 50-year history. According to EPD data, agricultural exporters sent goods worth $1.02 billion during that fiscal year. According to EPD data, agricultural exporters sent goods worth $1.02 billion during that fiscal year.
According to analysts, the entry of agricultural items into the billion-dollar club has given rise to fresh optimism for the nation’s much needed diversification of its export base away from an overreliance on ready-made clothing.
The EPB reports that a number of agricultural products did well on the export market last year, including edible vegetables and specific root and tuber products ($99.91 million), coffee, tea, meat, and spices ($49.54 million), ginger, saffron, turmeric (curcuma), and other spices ($39.66 million), sugar confectionery ($26.93 million), malt extract, food preparations of flour ($67.23 million), and fruit and vegetable juices ($58.20 million).”
*This article is excerpted from freshplaza.com website, published 2nd February 2023