Staff Reporter :
The country has failed to export growth target in the just concluded fiscal 2014-15 mostly because of declining export in the manufacturing sector.
Almost export products failed to attain its target in the last fiscal. The government has set the export target of $33,200 million for the last fiscal but achieved $31,198.45 million. The export declined at 3.35 per cent from its target, according to the provisional data of Export Promotion Bureau (EPB).
Major share of the export of the country comes from the manufacturing sector but the last fiscal manufacturing sector failed to achieve its target. The target of manufacturing sector was $31,662.78 million but the sector achieved $29,922.32 million means negative growth of 3.87 per cent.
The export of leather and leather product sector was also declined at 19.09 per cent. The sector earned $11,30.51 million while its target was $1997.28 million.
The frozen food export declined at 10.99 per cent from targeted 1407.22 million but received $1154.08 million. Shrimp declined 7.35 per cent, from targeted $635.50million to $509.72 million, agri sector targeted $676.14 million but achieved $586.05 million or a negative growth of 13.32 per cent.
Exporters Association of Bangladesh (EAB) President Abdus Salam Murshedy said, the first three months long hartal and blockade in current year 2015 affected the export supply chain system.
According to Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the RMG sector has lost more than 30 per cent orders as the buyers are not even coming to Bangladesh to place their orders.
“It would be quite impossible to reach the export target by any means under the current situation and consequently, it would badly hit the export target of $50bn by 2021,” he also said.
The country has failed to export growth target in the just concluded fiscal 2014-15 mostly because of declining export in the manufacturing sector.
Almost export products failed to attain its target in the last fiscal. The government has set the export target of $33,200 million for the last fiscal but achieved $31,198.45 million. The export declined at 3.35 per cent from its target, according to the provisional data of Export Promotion Bureau (EPB).
Major share of the export of the country comes from the manufacturing sector but the last fiscal manufacturing sector failed to achieve its target. The target of manufacturing sector was $31,662.78 million but the sector achieved $29,922.32 million means negative growth of 3.87 per cent.
The export of leather and leather product sector was also declined at 19.09 per cent. The sector earned $11,30.51 million while its target was $1997.28 million.
The frozen food export declined at 10.99 per cent from targeted 1407.22 million but received $1154.08 million. Shrimp declined 7.35 per cent, from targeted $635.50million to $509.72 million, agri sector targeted $676.14 million but achieved $586.05 million or a negative growth of 13.32 per cent.
Exporters Association of Bangladesh (EAB) President Abdus Salam Murshedy said, the first three months long hartal and blockade in current year 2015 affected the export supply chain system.
According to Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the RMG sector has lost more than 30 per cent orders as the buyers are not even coming to Bangladesh to place their orders.
“It would be quite impossible to reach the export target by any means under the current situation and consequently, it would badly hit the export target of $50bn by 2021,” he also said.
