Substantial growth in Bangladesh's cement exports during 11MFY24

Bangladesh's cement industry has experienced significant export growth during the 1MFY24. The sector recorded a 34.3 per cent YoY increase in cement export revenue, reaching US$16.81m during the 11MFY23-24. This marks a substantial rise from US$12.52m in the corresponding period of the previous year and includes certain salt, stone, and related products. Cement exports also grew by 23.4 per cent YoY, surpassing the target of US$13.62m for the 11MFY23-24.

Bangladesh mainly exports cement to India, with other popular destinations such as Nepal, Sri Lanka, and the Maldives. Bangladesh’s total export revenue for all commodities during 11MFY23-24 amounted to US$51.54bn, reflecting a two per cent YoY increase. The full-year target is set at US$62bn.