Export to Europe sees moderate growth in July

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UNB, Dhaka :
Country’s export to key European destinations like Germany, the UK, Italy, France showed moderate performance during the first month (July) of the current fiscal (2017-2018) compared to the same period of the previous fiscal (2016-2017).
During July, export to Germany, the second largest destination of Bangladesh exportable items, totalled $459.93 million, which was 15.39 percent of the total export earnings for the period. Of the amount, knitwear accounted for $257.04 million, woven garment $166.62 million and home textiles $5.76 million, according to latest figures released by the Export Promotion Bureau (EPB). The EPB figures showed that exports to the UK in July totalled $346.65 million, which was 11.60 per cent of the total export earnings for the one-month period. The export of woven garment to the UK during the one-month period were $153.59 million, knitwear $168.78 million, home textile export to the UK during the period was $7.38 million, and bicycles $4.91 million.
Exports to France in July reached $152.26 million, which accounted for 5.10 per cent of the total export earnings for the period. Exports to Italy totalled $122.36 million the last July with knitwear accounting for $78.38 million, woven garment $32.07 million and leather, leather products $1.67 million and footwear with $6.30 million. Exports to Belgium amounted to $86.26 million that included knitwear $33.83 million, woven garment $32.57 million and jute and jute made goods $1.35 million.
Export earnings from the USA, the largest market for Bangladesh goods, registered a healthy performance during this July with a robust growth of 17.94 percent totalling $497.36 million, which was 16.65 percent of the total export earnings for the one-month period.
The Netherlands, another big export destination for Bangladesh, imported goods form Bangladesh worth $108.05 million during the month of July.
The amount included knitwear $41.42 million, woven garment $33.22 million and footwear $12.23 million. Among the other European, the Middle East, Far East and South Asian countries, exports to Russia fetched $34.37 million during this July while that of Japan totalled $76.39 million, Singapore $9.32 million and China $63.56 million. Of the South Asian countries, exports to India amounted to $45.80 million during the July that included jute and jute-made goods $9.58 million and woven garment $10.13 million.
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