Bangladesh's cement exports see a 49% YoY growth during 10MFY23-24

Bangladesh’s cement industry has witnessed substantial growth in its exports. It saw a 48.7 per cent YoY growth in cement export revenue, generating US$15.94m during the first 10 months of FY23-24. This is up from US$10.72m in the same period of the previous year and includes some salt, stone, and related products. Cement exports rose by 29.3 per cent YoY and exceeded the target of US$12.23m for the 10MFY23-24.

Bangladesh’s cement exports mainly depart for India, with other popular destinations including Nepal, Sri Lanka and the Maldives. Bangladesh’s total export revenue for all merchandise during 10MFY23-24 was US$47.47bn, up 3.9 per cent YoY, and the full-year target is US$62bn.