Export earnings grow 6.53pc in July-Oct

Bangladesh`s export earnings maintained its positive trend posting a 6.53 per cent growth during the first four months (July-October) of fiscal year 2016-2017 (FY17). Exports fetched US $ 10,791.65 million during this period of the current fiscal, says the Export Promotion Bureau.

However, the four months’ export earnings figure in the current fiscal is 6.84 per cent lower than the strategic target of $ 11,584 million.

The export earnings during the July-October period of the last fiscal year (FY16) were $ 10,130.49 million, according to the latest statistics of the EPB.

The EPB figures showed that the single-month export earnings notched a 14.39 per cent growth in October this year totalling $ 2,712.83 million compared to $ 2,371.50 million fetched in October last year.

The single-month export earning is also 2.84 per cent higher than the strategic target of $ 2,638 million.

The export target for the FY17 was earlier set at $ 37000 million.

According to the EPB statistics, knitwear continued to fetch the bulk of the earnings during the July-October period with $ 4,535.14 million, representing a good 8.75 per cent growth over the same period (July-Oct) last year while woven garments earned $ 4,286.30 million, a slight growth of 5.37 per cent.

Export of home textiles totalled $ 216.66 million with a fall of 1.55 per cent; leather footwear exports earned $ 191.33 million; primary commodities $ 365.64 million; frozen and live fish $ 196.61 million while shrimps $ 179.52 million; and agricultural products $ 169.03 million, according to a news agency.