July-May export: manufactured goods gain edge over primary commodities


Buoyed by good performance of readymade garments (RMG), footwear, leather and leather goods, export of manufactured goods gained edge over primary commodities in the first 11 months (July-May) of the last fiscal year (2012-13).


Country’s overall export earnings during the period reached $ 24,321.90 million, an increase of 10.67 percent over the same period last year, but fell 3.33 percent short of the target of $ 25,161.00 million.


Of the July-May earnings, the export of manufactured commodities fetched $ 23,349.38 million showing an increase of 10.84 percent over the corresponding period last year, according to the latest statistics released by the Export Promotion Bureau (EPB).


The export of primary commodities also rose to $ 972.52 million during July-May, posting a growth of 6.82 percent, but fell short of the target of $ 1,029.52 million by 5.54 percent.


According to the EPB statistics, the export of manufactured products, including knitwear, woven garment, jute and jute-made goods, leather, other manufactured products, footwear, ceramics, petroleum byproducts and handicrafts showed good performances.


However, chemical products, home textiles, specialised textiles, glassware and plastic products showed negative export growth during the July-May compared to the same period last year.


The earnings from major export-oriented knitwear sector totalled $ 9,390.25 million in July-May this fiscal showing an 9.56 percent growth over the same period last year, while woven garment fetched $ 9,923.07 million having a 14.10 percent growth over the corresponding period of last year.


During the period, the export of jute and jute-made goods totalled $ 947.91 million, petroleum byproducts $ 288.30 million, leather $ 362.97 million, other manufactured products $ 108.36 million and engineering products $ 343.00 million.


The export of home textiles totalled $ 721.97 million, glassware $ 0.15 million, plastic products $ 78.17 million, handicrafts $ 5.55 million, ceramic products $ 34.42 million, footwear $ 377.55 million and cotton fabrics $ 114.78 million.


Of the export of primary commodities during the July-May period, crabs, fruits, vegetables, dry food and fruit juice showed healthy performance except frozen shrimp, frozen fish, fish fry, tobacco, flower and foliage and tea.


Frozen shrimp export during the July-May period of last fiscal totalled $ 406.40 million registering a 6.14 percent fall over the same period last year, while frozen fish fetched $ 54.39 million.


Vegetables export for the 11-month period of last fiscal totalled $ 96.47 million, fruits $ 70.06 million, tobacco $ 53.32 million, flowers and foliage $ 38.10 million and dry food $ 39.03 million.


The export of tea totalled 2.24 million during the July-May, followed by betel nut $ 65.62 million and fruit juice $ 35.72 million.

Source: UNBConnect


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