Exports earnings reach $19.82 billion

Knitwear and woven garments are the two largest export earners

forex

Bangladesh’s exports earnings have stood at $19.82 billion, up nearly 14% in the first eight months of the current financial year from the same period a year ago.

The exports earnings reached to the position riding on the ready-made garment sector, as political turmoil eased after the January election.

The exports earning of July-February in 2012-13 financial year was $17.40 billon.

In February, Bangladesh fetched $2.39 billion, which is 6.36% higher compare to the same period of last year.

In July-February 2013-14, apparel export went up by 16.69% to $16.13 billion compared to $13.83 billion of 2012-13 fiscal, while it went up by 9.74% to $1.96 billion in February, while it posted and were up 16.7% to $16.7 billion for the eight months.

Knitwear and woven garments, the two largest export earners, registered 17.5% and 16% growth respectively in the period.

The knitwear export volume totalled nearly $8 billion and woven garments to $8.22 billion.

According to EPB data, frozen foods export registered a 24.23% rise to $458m followed by  shrimps 29% to $396m, tea 10.37% to $1.81m, vegetables 35.17% to $86, pharmaceutical 23.57% to $48.18m, leather 44.33% to $333m, footwear 32% in the period.

Jute and jute products export dropped by 20.71% to $535m, specialised textiles 7.37% to $76.34m, frozen fish 12.17% to $36m and ships, boats and floating structures 93%.

Source: Dhaka Tribune