Export earnings failed to hit target in July-April

Dhaka,  Tue,  30 May 2017
Published : 12 May 2017, 18:16:40 | Updated : 12 May 2017, 20:20:02
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Export earnings failed to hit target in July-April

Export earnings failed to hit target in July-April
Bangladesh’s export earnings for 2016-17 fiscal failed to hit the target, according to statistics of Export Promotion Bureau (EPB). 

As per statistics, the country earned US 28,721.71 million dollars during the period against the target of US$ 37,000 million.

However, the statistics revealed that Bangladesh witnessed 3.92 per cent growth in export earnings during the period of July-April of 2016-17 fiscal compared to the same period of the 2015-16 fiscal. 

The export earnings during the July-April (2015-16) were US$27,637.22 million.

In addition, the statistics say the country earned US$2775.69 million (3.82 per cent) during the month of April. 

Target for the month of April was US$2886 million.

Exported items such as knitwear, jute, tea and leather products resulted in the growth Bangladesh achieved during the July to April period.

Knitwear exports went up by 4.81 per cent to $11254.17 million in July-April.

Tea exports also went up by 165.13 per cent to $4.03 million while raw jute exports increased by 25.22 per cent to $154.02 million. 

Leather products shipments rose 19.08 per cent to $373.31 million while that of leather footwear went up by 14.05 per cent to $431.65 million in July-April period.

Home textiles registered a growth of 6.58 per cent to fetch $664.8 million in the first 10 months of the ongoing fiscal year.

Engineering equipment exports also increased by 50.37 per cent to $249.91 million during the period. 

On the other hand, export performance for frozen and live fish, shrimps and crabs slipped downward during the period.

Source: BSS

 
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