Bangladesh’s jute product exports grow steadily

According to a report by Bangladesh’s “Financial Express” on July 7, data from the Bangladesh Export Promotion Agency showed that the export volume of jute products in the 2017/18 fiscal year was US$1.02 billion and US$962.4 million in the 2016/17 fiscal year, a year-on-year increase of 6.56%. . Among them, the export value of jute raw materials was US$155.6 million, jute yarn was US$687.7 million, and jute bags were US$122.8 million. The Bangladesh government has adopted policy support and cash incentives to promote diversification of jute products to increase exports. According to data from the Bangladesh State-owned Jute Corporation, there are 22 state-owned jute mills and about 200 private jute mills in Bangladesh. Bangladeshi jute products are mainly exported to Belgium, Canada, the United States, the United Kingdom, China, Italy, Germany, India, Iran, Japan, Malaysia, Mexico, the Netherlands, Poland, Pakistan, Brazil, Russia, Saudi Arabia, Portugal, Thailand, Turkey, South Africa, Romania. (Title: Bangladesh’s jute product exports grow steadily)