Exports rise 4.5pc in first half of FY2017

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Economic Reporter :
Export earnings in the first half of the current fiscal year grew by 4.44 percent to $16.79 billion from $16.08 billion in the same period of the last fiscal year of 2016, according to the Export Promotion Bureau (EPB) data released on Wednesday.
Export earnings in the month of December fell by 3.03percent to $3.10 billion from $3.20 billion in the corresponding period of the previous calender year.
The EPB data showed that earnings from RMG export in the first half of FY17 grew by 4.37percent to $13.70 billion from $13.13 billion in the same period a year ago.
Export earnings from the woven sector in the first half grew by 2.87percent to $6.89 billion compared to $6.70 billion in the same period of the last fiscal year.
The knitwear export in July-December period of FY17 grew by 5.93percent to $6.81 billion from $6.43 billion in the previous fiscal year.
Export earnings from jute and jute goods increased by 11.52percent in the first half of FY17 to $472.57 million from $423.74 million in the same a year ago. Export of agriculture products fell by 2.69percent to $258.97 million from $266.88 million and earnings from home textile export grew by 1.99percent to $352.57 million from $348.43 million.
According to the EPB data, exports of leather and leather product in the first half of FY17 grew by 11.93percent to $627.86 million compared with that of $560.92 million in the same period of FY16.
Earnings from leather-footwear export increased by 12.43 percent to $283.37 million while leather products fetched $209.33 million with 18.36 percent growth.
The EPB data showed that the export earnings from engineering products in the July-December period of FY17 fell by 14.98 percent to $236.29 million from that of $277.92 million posted in the same period of the previous fiscal year.
Exports of frozen and live fish in the first half of FY17 grew by 2.03 percent to $291.56 million from $285.76 million in the same period of FY16.
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