Exports in 1st 10 months show moderate growth

 Country’s exports to key destinations like Germany, the UK and France posted a modest growth in the first 10 months (July-April) of the current fiscal year (2013-14) compared to the same period in the last fiscal (2012-13).

During the July-April of fiscal 2013-14, exports to Germany totalled $ 3,912.84 million, which was 15.87 percent of total export earnings for the 10-month period.

Of the amount, knitwear accounted for $ 2133.45 million, woven garments $ 1504.93 million and frozen shrimp $ 58.41 million, according to the latest figures provided by the Export Promotion Bureau (EPB).

The EPB figures showed the total exports to the UK during the July-April period $ 2,389.76 million, which was 9.69 percent of the total export earnings for the period.

The export of RMG items to the UK accounted for $ 2,125.01 million in July-April of 2013-14, a growth of 5.82 percent over $ 2008.13 million during the same period of the previous fiscal. The home textile export to the UK during the period was $ 57.86 million, frozen shrimp $ 78.95 million and bicycles $ 51.94  million.

The exports to France during the period increased to $ 1348.11 million, which accounted for 5.47 percent of the total export earnings for the 10- month period.

The RMG exports to France rose to $ 1235.75 million in July-April of the fiscal 2013-14 as against $ 1085.78 million during the same period of the previous fiscal (2012-13), showing a 13.81 percent growth.

The exports to Italy totalled $ 1045.62 million in this July-April period with knitwear accounting for $ 570.50  million, woven garment $ 351.45 million and leather $ 59.62 million. The exports to Belgium amounted to $ 791.37 million that included knitwear $ 364.85 million, woven garment $ 272.87 million and frozen shrimp $ 80.40 million.

Export earnings from the USA, the largest market for Bangladesh goods, registered a growth of 5 percent in July-April of the current fiscal totalling $ 4,593.29 million, which was 18.63 percent of the total export earnings for the period.

The Netherlands, another big export destination for Bangladesh, imported goods worth $  688.52 million during the July-April period. The amount included knitwear $ 314.98 million, woven garment $ 233.12 million and frozen shrimp $ 64.64 million.

Among the Middle East, Far East and South Asian countries, exports to Japan totalled $ 723.48 million, Singapore $ 115.54 million and China $ 611.26 million.

Among the South Asian countries, exports to India amounted to $ 333.91 million during the period that included jute and jute made goods $ 51.05 million and woven garment $ 63.76 million while exports to Australia totalled $ 401.69 million, including $ 116.83 million from woven garments and $ 244.29 million from knitwear.

Source: UNB Connect