World

Bangladesh with leather exports off target

Apr 18, 2019 Bangladesh

In the first nine months of the current financial year, exports revenue of the leather industry in Bangladesh declined by 9%, reaching just over 770 million US dollars

The government has set the leather and leather products industry a target of 830 million US dollars for the first nine months of the business year. The target for the industry in the full year, running from July 2018 to March 2019, is more than 1.1 billion US dollars.

Export revenues in the first nine months of the current financial year declined by 9% for the wider leather industry in Bangladesh, reaching just over 770 million US dollars.

Revenues from exports of finished leather declined by 3% to just under 135 million US dollars, while the export revenue over the nine-month period from sales abroad of finished leathergoods declined by more than 37%, sliding to 178 million US dollars.

Once again, leather footwear exports were the exception, rising by 7.8% to reach nearly 460 million US dollars for the nine months, which represents 103.4% of the target set for the period.

As for other footwear, in the first nine months of the financial year, Bangladesh's companies have exported 193.4 million US dollars, growing by 3.4% from similar period in the previous year and representing 101% of the target for the period.

Bangladesh’s financial year runs from July to June

Photo by Tyler Casey on Unsplash

Bangladesh Exports Footwear Leather Leather goods Shoes