Shah Alam Nur :
Country’s export earnings in the first seven months (July-Jan) of the current fiscal year witnessed an 8.26 per cent growth due to the moderate performance of knitwear, woven garment, jute and jute-made goods, agricultural and leather products.
According to a data released by the Export Promotion Bureau (EPB) on Monday, the single-month export performance for January was 10.41 per cent higher with $3185.63 million than the strategic target of $3029 million.
The total export earnings during the last fiscal (FY15) was $31,208.94 million, added the EPB data.
“Since the factory inspection gave the retailers a positive message over safety, they have begun placing more orders that have helped move export earnings up,” Exporters Association of Bangladesh (EAB) President Abdus Salam Murshedy told The New Nation of Monday
He said, “Political stability has given us a cushion against smooth production and transportation to earn more compared to that over the last two years.”
He said RMG sector is going through several challenges and the main challenge is that the competitive edge is being lost.
He added that credit goes to those brave and resilient entrepreneurs that ship products ignoring all hurdles.
The EPB figures showed that in July-January period of the current fiscal knitwear export maintained its positive trend fetching $7601.75 million, which showed a 5.91 per cent growth over the same period of the last fiscal while woven garment accounted for $8159.53 million having a growth of 12.29 per cent.
During the period, the export of home textiles fetched $421.22 million with a fall of 6.44 per cent, while leather footwear $297.03 million, primary commodities $634.17 million; frozen foods, including frozen fish, shrimps and others $331.81 million; and agricultural products $302.36 million.
The export from engineering equipment registered a healthy growth of 24 per cent during the period fetching $317.09 million, followed by export of petroleum byproducts with an astonishing 577.46 percent growth ($208.32 mn).
Of the other major performing commodities, fruit exports totalled $17.73 million with a negative growth of 33.27 per cent; cement, salt and stone $1.29 million; while tea export accounted for $1.29 million with a negative growth of 42.67 per cent.
The export trend for leather products except leather and plastic products maintained their uptrend during the July-January period of the current fiscal.
Leather exports totalled $161.91 million, while leather products $204.08 million with an eye-catching growth of 56 per cent; cotton and cotton products together earned $59.25 million; plastic products $51.73 million; and rubber $14.25 million.
The export of jute and jute goods maintained their positive trend during the period fetching $494.52 million, registering 1.04 per cent fall. Raw jute exports fetched $83.43 million with 27.39 per cent rise; while jute yarn and twine accounted for $301.38 million and other items some $37.05 million.
The export of jute sacks and bags showed a fall of 26.67 per cent during the period as it totalled $72.66 million.
Country’s export earnings in the first seven months (July-Jan) of the current fiscal year witnessed an 8.26 per cent growth due to the moderate performance of knitwear, woven garment, jute and jute-made goods, agricultural and leather products.
According to a data released by the Export Promotion Bureau (EPB) on Monday, the single-month export performance for January was 10.41 per cent higher with $3185.63 million than the strategic target of $3029 million.
The total export earnings during the last fiscal (FY15) was $31,208.94 million, added the EPB data.
“Since the factory inspection gave the retailers a positive message over safety, they have begun placing more orders that have helped move export earnings up,” Exporters Association of Bangladesh (EAB) President Abdus Salam Murshedy told The New Nation of Monday
He said, “Political stability has given us a cushion against smooth production and transportation to earn more compared to that over the last two years.”
He said RMG sector is going through several challenges and the main challenge is that the competitive edge is being lost.
He added that credit goes to those brave and resilient entrepreneurs that ship products ignoring all hurdles.
The EPB figures showed that in July-January period of the current fiscal knitwear export maintained its positive trend fetching $7601.75 million, which showed a 5.91 per cent growth over the same period of the last fiscal while woven garment accounted for $8159.53 million having a growth of 12.29 per cent.
During the period, the export of home textiles fetched $421.22 million with a fall of 6.44 per cent, while leather footwear $297.03 million, primary commodities $634.17 million; frozen foods, including frozen fish, shrimps and others $331.81 million; and agricultural products $302.36 million.
The export from engineering equipment registered a healthy growth of 24 per cent during the period fetching $317.09 million, followed by export of petroleum byproducts with an astonishing 577.46 percent growth ($208.32 mn).
Of the other major performing commodities, fruit exports totalled $17.73 million with a negative growth of 33.27 per cent; cement, salt and stone $1.29 million; while tea export accounted for $1.29 million with a negative growth of 42.67 per cent.
The export trend for leather products except leather and plastic products maintained their uptrend during the July-January period of the current fiscal.
Leather exports totalled $161.91 million, while leather products $204.08 million with an eye-catching growth of 56 per cent; cotton and cotton products together earned $59.25 million; plastic products $51.73 million; and rubber $14.25 million.
The export of jute and jute goods maintained their positive trend during the period fetching $494.52 million, registering 1.04 per cent fall. Raw jute exports fetched $83.43 million with 27.39 per cent rise; while jute yarn and twine accounted for $301.38 million and other items some $37.05 million.
The export of jute sacks and bags showed a fall of 26.67 per cent during the period as it totalled $72.66 million.
