Export earnings in October see 6.25% growth

Country’s export earnings this October registered a moderate growth of 6.25 percent totaling US$ 2077.03 million against $ 1954.78 million fetched in October last year due to moderate performance of woven garment, and agricultural and leather products.

The strategic target of export earnings for October this year was $ 2022.00 million.

According to data released by the Export Promotion Bureau (EPB), export earnings in the first four months (July-October) showed a nominal growth of 3.08 percent totaling $ 8368.48 million against the strategic target of $ 8658.00 million.

Export earnings in the July-October period of the last fiscal year totaled $ 8118.51 million, according to EPB statistics.

The total export earnings during the last fiscal (2011-12) stood at $ 24,301.90 million against the earnings of $ 22,924.38 million in the previous fiscal (2010-11).

According to the EPB figures for July-October of the current fiscal, knitwear export returned to the positive trend fetching $ 3412.99 million having 1.11 percent growth over the same period of the last fiscal while woven garment accounted for $ 3218.34 million having a growth of 9.49 percent.

During the four-month period, export of home textiles totaled $ 258.99 million with a growth of 3.64 percent; footwear exports fetched $ 141.84 million, primary commodities $ 352.76 million; frozen foods, including frozen fish, shrimps and others $ 183.75 million; and agricultural products $ 169.01 million.

Export of cosmetics registered a whopping 344.44 percent growth cashing $ 0.40 million, followed by export of spices with 78.22 percent growth ($ 8.02 million).

Of the other major performing commodities, fruit exports totaled $ 19.90 million with a negative growth of 1.83 percent; cement, salt and stone $ 1.60 million; while tea export accounted for $ 0.91 million with 9.64 percent growth.

The export trend for leather products except leather and plastic products maintained their upward trend during the July-October period of the current fiscal.

Leather exports totaled $ 107.25 million, while leather products $52.96 million with an eye-catching growth of 119.30 percent; cotton and cotton products together earned $ 40.58 million; plastic products $ 26.96 million; and rubber $ 4.60 million.

The export of jute and jute goods during the July-October period of the current fiscal stood at $ 330.41 million, registering 2.21 percent negative growth. Raw jute exports fetched $ 77.13 million with 16.19 percent decline; while jute yarn and twine accounted for $ 164.30 million and other items some $ 15.56 million.

Jute sacks and bags showed a positive growth of 14.13 percent during the period as exports totaled $ 73.42 million.

Export of engineering products, including iron and steel, bicycle and electronic products earned almost $ 107.42 million with engineering equipments fetching $ 16.40 million.

The export of manmade filaments and staple fibres totaled $ 31.60 million while the export of ships, boats and floating structures fetched $ 0.18 million with a whopping fall of 99.21 percent.

The export of handicrafts totaled $ 2.22 million, while paper and paper products $ 10.26 million, furniture $ 8.62 million, chemical products $ 31.61 million (including pharmaceuticals $ 18.51 million), while ores, slag and ash brought $ 4.80 million.
Specialised textiles, including terry towel, showed a negative growth of 12.81 percent, earning $ 46.16 million during the July-October period of the current fiscal while export of petroleum by-products accounted for just $ 116.50 million

Source: priyo

LEAVE A REPLY

Please enter your comment!
Please enter your name here