Bangladesh's export earnings from cut flower and foliage for the July to January period of the current fiscal (2018-19) touched $3.98 million already, up from just $0.02 million in the 2017-18 fiscal year, according to Export Promotion Bureau (EPB) data.
EPB data also read, Bangladesh exported cut flowers, leaves, trees, plants, bulbs, roots of $86,000 in the 2016-17 fiscal, and $78,000 in the previous fiscal.
According to floriculture industry insiders, the country's flowers and floral products are being exported to different countries including India, Pakistan, Italy, Portugal, Middle East countries specially Saudi Arabia, the United States, South Korea, the Philippines, Singapore, Japan, Germany, Britain, Denmark and France.
Abdur Rahim, president of Bangladesh Flower Society (BFS), said Bangladesh has an economic advantage thanks to its favorable climate and topography as well as low labour costs and relatively low capital investment, which is helping the sector to flourish. "We can better grip the markets both at home and abroad," Rahim said.