State of the Bangladesh Economy in FY2021-22
Independent Review of
RBD
Bangladesh's Development
Analysis of External Sector Performance
□ This scenario as regards the drivers of the rise in export earnings is also
corroborated in case of the EU market, with average growth of export
earnings mostly accounted for by the rise in volume rather than that of
price
➤ Export earnings rose by 8.9% in the backdrop of the rise in volume of 7.9% as
against the rise in price of an insignificant 0.9%
Table: Bangladesh's RMG exports to EU: Value, price &
volume effects
Percentage increase (Jul-Oct 21 over Jul-Oct 20)
HS Code
Value
Volume
Per Kg price
61 (Knit)
62 (Woven)
13.6%
0.8%
10.3%
3.0%
3.0%
(-) 2.2%
Overall
8.9%
7.9%
0.9%
Source: Authors' calculation based on Eurostat data
CPD (2021): State of the Bangladesh Economy in FY2021-22 (First Reading)
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