Service sector's H1 export earnings soar over 50pc

Export earnings from the country's service sector swelled up by more than 50 per cent during the July-December period or first half (H1) of this fiscal year (FY), 2018-19, over the corresponding period of last fiscal, official figures revealed on Wednesday.

Bangladesh fetched more than US$ 2.87 billion during the first six months of the current fiscal compared to $ 1.90 billion in the same period of FY 2017-18, according to the Export Promotion Bureau (EPB) data.

Of the total, nearly $ 2.80 billion came from export of services including those of manufacturing, maintenance and repair, transportation, travel, telecommunication and information technology, and other business services in H1 of this fiscal.

The amount from export of services was $ 1.87 billion during the July-December period of last FY, as per the EPB figures.

Of the total, earning from the government goods and services was nearly $ 1.14 billion in H1 of this fiscal, reflecting a 62.54 per cent rise over the matching period of last fiscal.

On the other hand, the remaining $ 35.47 million and $ 3.03 million came from goods produced in ports by carriers and goods sold under merchanting respectively during July-December of FY 2018-19.

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