Country sees 11.65pc growth in FY 2013-14 export earning

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BSS, Dhaka :
The country witnessed 11.65 percent growth in export earning during the 2013-14 fiscal year (FY) compared to the previous FY 2013-13, according to a latest data provided by the Export Promotion Bureau (EPB) Thursday.
However, the country earned $30176 million against the target of $30500m, registering 1.06 percent negative growth.
Besides, the country achieved 3.50 percent growth during the month of June of the 2013-14 fiscal year.
Exportables worth $2800.23million were exported against the target of $3054.25m during the particular month.
A source in the EPB said the state-run body is satisfied with the export growth during the 2013-14 fiscal.
Shubhashish Bose, vice-chairman of EPB, told BSS today that the export growth in the fiscal 2012-13 was 11.22 percent but this year the country saw 11.65 percent growth.
“If we compare this fiscal’s growth with the FY 2011-12, it will be over 24 percent growth.”
“Target is not a factor as we sometimes give ambitious target on our own so we achieve more and it does not mean that we will have to achieve the target. Our focus is whether we achieved growth compared to previous year,” said Bose.
“We’ve achieved enough growth .we are quite and extremely satisfied with it,” said the EPB boss.
The export earning during the FY2012-13 was $27.27billion.
Like every year, export preference for knitwear showed well during the FY2013-14 as knitwear products worth $12442.07million were exported while the target was $12571.46m.
Knitwear export registered 15.02 percent growth.
But the country could not achieve the export target of $12571.46m as it exported woven items valued $12442.07million, close to the target.
Besides, export performance for manufactured goods, leather and leather goods, frozen foods, agriculture and plastic items showed a healthy growth during the fiscal.
The EPB has set $34.2bn as export target for the current 2014-15 fiscal with $27.5bn to be earned from the garment sector.

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