Export earnings notch 18.65pc growth during July-Oct
Published : 07 Nov 2018, 11:27:28
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