Exports up 7.3pc in July-February | 2018-03-09 | daily-sun.com

Exports up 7.3pc in July-February

Staff Correspondent     9 March, 2018 12:00 AM printer

Exports up 7.3pc in July-February

The country’s export earnings in the first eight months of the current 2017-18 fiscal year grew by 7.38 percent to $24.39 billion from $22.71 billion during the same period last year.

However, the export earnings are slightly lower than the July-February target of $24.40 billion. 

Data released by Export Promotion Bureau (EPB) on Thursday show that the country fetched $3.07 billion from exports in February alone this year, up from $2.70 billion during the same month a year ago.

Official figures suggest that readymade garment exports during the July-February period of 2017-18 FY grew by 8.68 percent to $20.25 billion from $18.63 billion in the same period of 2016-17.

Exports from woven sector grew by 5.94 percent to $10.13 billion from $9.56 billion in the same period in 2016-17 FY while knitwear exports stood at $10.12 billion, marking an 11.56 percent growth over the earnings of $9.07 billion in the same period last FY.

Exports from woven and knitwear items exceeded the target by 3.37 percent and 3.05 percent respectively in the first eight months of the current FY.

During the period, export income from jute and jute goods soared to $741.12 million from $646.62 million a year ago.

Agricultural exports stood at $406.20 million in last eight months of the current FY, posting a 15.19 percent growth over the earnings of the same previous period. Export receipts from home textiles during the period grew by 16.60 percent to $583.18 million.

Leather and leather product exports, however, dipped by 5.15 percent to $784.97 million from $827.62 million in the same period of FY17. Leather footwear exports, however, increased by 6.74 percent to $393.94 million during the period.

Exports of frozen and live fish stood at $383.04 million during the July-February period of the current fiscal year, marking a 7.01 percent growth from the same period a year ago.

Export earnings in the July-February in previous FY 2016-17 stood at $22.71 billion, posting a rise of 3.22 percent compared to the corresponding period of 2015-16 fiscal.


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