Staff Reporter :
Bangladesh’s exports during the July-November period of the current fiscal rose 5.5 per cent from a year earlier, driven by stronger garment sales.
Export earnings during the said period totalled $13.69 billion compared with the $12.87 billion during the corresponding period of the previous fiscal (2015-16), according to an official figure released by the Export Promotion Bureau (EPB) on Tuesday.
However, the export earnings fell short by 4.17 per cent of the strategic export target of $14.28 billion fixed for the first five months of the fiscal year 2016-17.
According to the EPB statistics, Bangladesh eared $11.13 billion from sales of ready-made garments, comprising knitwear and woven items during July-November period of the fiscal year, showing a rise by 6.4 per cent from a year earlier.
The country’s major exports to the foreign markets during the July-November period were woven garment ($5498.61 million), knitwear ($5632.74 million), jute and jute goods (387.23 million), home textiles ($277.77 million), frozen shrimp ($245.89 million) and leather footwear (232.89 million).
“Our exports have remained stable and are maintaining a steady growth, buoyed by bright shipment performance from the garment sector,” Mafruha Sultana, Vice-Chairman of EPB told The New Nation yesterday.
She said that although it missed the government’s growth target by 4.17 per cent for July-November period, exports were continuing to expand compared with that of the previous fiscal, contributing to GDP growth and generating more jobs for workers, particularly in the manufacturing sector
“Bangladeshi exporters are largely integrating themselves with the global export trade helping boost the country’s overall export earnings,” said Mafruha Sultana.
She also said that the US and the EU remained Bangladesh’s main export markets. But the
government and exporters are working together to explore new export markets in order to increase the country’s exports significantly.
“The initiative has already achieved notable success and the country’s exports to non-traditional markets are on the rise,” said Mafruha Sultana.
When asked, she said, the current trend of exports makes us optimistic over achieving this year’s export target.
The EPB figure also showed that Bangladesh’s export earnings from the month of November totalled $2899.32 million compared with the $2749.34 million during the corresponding month of the last year (2015).
Bangladesh earned $34.25 billion from exports in the fiscal year 2015-16.
Bangladesh’s achievements in exports are attributed to the improvement of support policies for exports and trade promotion by the government.
Earlier, the government fixed $37 billion export target for the current fiscal.
Bangladesh’s exports during the July-November period of the current fiscal rose 5.5 per cent from a year earlier, driven by stronger garment sales.
Export earnings during the said period totalled $13.69 billion compared with the $12.87 billion during the corresponding period of the previous fiscal (2015-16), according to an official figure released by the Export Promotion Bureau (EPB) on Tuesday.
However, the export earnings fell short by 4.17 per cent of the strategic export target of $14.28 billion fixed for the first five months of the fiscal year 2016-17.
According to the EPB statistics, Bangladesh eared $11.13 billion from sales of ready-made garments, comprising knitwear and woven items during July-November period of the fiscal year, showing a rise by 6.4 per cent from a year earlier.
The country’s major exports to the foreign markets during the July-November period were woven garment ($5498.61 million), knitwear ($5632.74 million), jute and jute goods (387.23 million), home textiles ($277.77 million), frozen shrimp ($245.89 million) and leather footwear (232.89 million).
“Our exports have remained stable and are maintaining a steady growth, buoyed by bright shipment performance from the garment sector,” Mafruha Sultana, Vice-Chairman of EPB told The New Nation yesterday.
She said that although it missed the government’s growth target by 4.17 per cent for July-November period, exports were continuing to expand compared with that of the previous fiscal, contributing to GDP growth and generating more jobs for workers, particularly in the manufacturing sector
“Bangladeshi exporters are largely integrating themselves with the global export trade helping boost the country’s overall export earnings,” said Mafruha Sultana.
She also said that the US and the EU remained Bangladesh’s main export markets. But the
government and exporters are working together to explore new export markets in order to increase the country’s exports significantly.
“The initiative has already achieved notable success and the country’s exports to non-traditional markets are on the rise,” said Mafruha Sultana.
When asked, she said, the current trend of exports makes us optimistic over achieving this year’s export target.
The EPB figure also showed that Bangladesh’s export earnings from the month of November totalled $2899.32 million compared with the $2749.34 million during the corresponding month of the last year (2015).
Bangladesh earned $34.25 billion from exports in the fiscal year 2015-16.
Bangladesh’s achievements in exports are attributed to the improvement of support policies for exports and trade promotion by the government.
Earlier, the government fixed $37 billion export target for the current fiscal.
