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In recent years, Bangladesh’s agriculture sector has undergone a significant transformation. The country’s once-dormant fruits export sector has started to gain traction and is now playing a pivotal role in boosting the economy.
The fruits export sector in Bangladesh is relatively new, but it’s growing at a phenomenal pace. In the fiscal year 2020-21, Bangladesh’s total export earnings from fruits stand at around $67 million, which is an astonishing 53 percent increase compared to the previous fiscal year. While several fruits, including guava, pineapple, mango, and banana, make up the bulk of the country’s fruits export, watermelon, jackfruit, and lychee are also fast-growing export items.
Bangladesh has an advantageous geographic location, which gives it access to several potential export markets. The country borders India, one of the world’s largest consumers of tropical fruits, which makes it a lucrative market for Bangladeshi fruit exporters. Additionally, Bangladesh’s strategic location in South Asia offers easy access to the Middle Eastern and European markets.
In recent years, the Bangladeshi government has made several initiatives to provide support to the country’s fruits export sector. They have relaxed regulations, provided exporting incentives, and offered financial support to farmers and traders. These measures have resulted in a significant improvement in the country’s export-ready fruits supply chains.
The fruits export sector has also played a vital role in creating employment opportunities and promoting entrepreneurship. In Bangladesh, fruits cultivation is primarily done by smallholder farmers, who make up a vital part of the country’s economy. Fruits export has provided them with a new source of income, and they are now investing in modernizing and expanding their farms.
Furthermore, fruits export has opened up new avenues for entrepreneurs to enter the market. Small-scale traders are now investing in setting up state-of-the-art storage facilities and cold storages, which are crucial for maintaining the quality of fruits during transportation.
The export of fruits and vegetables is also environmentally friendly as it promotes sustainable farming practices and reduces food waste. Bangladesh’s fruits and vegetable supply chains have now become more efficient, with improved infrastructure, technology, and better packaging. These measures have significantly reduced post-harvest losses and helped to preserve the quality of the fruits during transport.
In conclusion, the fruits export sector has become an essential component of Bangladesh’s economy, providing employment opportunities, promoting environmentally sustainable farming practices, and contributing to national GDP. Considering the sector’s growth potential and the government’s support, the fruits export sector in Bangladesh is expected to continue on the trajectory of growth and success in the coming years.
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