ZCZC
BSS-42
EXPORT-GROWTH
Export earnings notch 18.65pc growth during July-Oct
DHAKA, Nov 6, 2018 (BSS) – The country’s export earnings maintained its
positive trend with a healthy 18.65 percent growth during the first four
months (July-October) of the current fiscal (FY19) totalling US$ 13,651.78
million.
The four-month export figure is also 12.57 percent higher than the
strategic target of US$ 12,127 million.
During the July-October period of the last fiscal, the export earnings
were US$ 11,505.80 million, according to the latest data of the Export
Promotion Bureau (EPB).
The EPB figures showed that the single-month export earnings notched a
30.53 percent growth in October this year totalling $3,711.18 million
compared to US$ 2,843.07 million fetched in October last year.
The single-month export earning is also 32.68 percent higher than the
strategic target of US$ 2,797 million.
The export target for the current fiscal (FY19) was earlier set at
$39,000 million.
According to official data, knitwear continued to fetch the bulk of the
earnings during the July-October period with US$ 5,875.26 million,
representing a good 17.83 percent growth over the same period (July-Oct) last
year while woven garments earned US$ 5,457.83 million, an eye catching growth
of 22.61 percent.
Export of home textiles totalled US$ 269.57 million with a growth of 3.37
percent while leather footwear exports earned US$ 216.16 million, primary
commodities US$ 563.83 million, frozen and live fish US$ 197.31 million,
shrimps US$ 157.75 million and agricultural products US$ 366.53 million.
Leather and leather products fetched US$ 345.2 million while cotton and
cotton products together earned US$ 48.78 million, plastic products US$ 39.61
million and rubber exports US$ 6.71 million.
Bangladesh Economic Association (BEA) general secretary Jamaluddin Ahmed
said political stability has played an important role in boosting the export
growth.
He suggested diversifying products as well as markets to tap the export
potential.
BSS/Trans/RI/MAK/GM/MRI/1920 hrs