During the first eleven months of the 2016/17 financial year (July 2016 to May 2017), Bangladesh’s export revenue for leather and related products rose 9.2%, reaching US$1.12 billion, according to the country’s Export Promotion Bureau (EPB).
The value of exported leather products increased 19% to US$421.3 million, while the country exported leather footwear worth US$477.5 during the 11 months, 12.5% higher than at the same point in the previous year.
There was less positive new about finished leather exports, however. The value of these exports fell 10.3% to US$224.9 million.
Bangladesh has set an export target of $1.22 billion for the leather sector in the year that runs from July 2016 to June 2017.
Information courtesy of Leatherbiz