Exports up 13.18pc in 10 months

Staff Reporter :
Bangladesh’s exports grew 13.18 per cent in the July-April period of the current fiscal (2013-14) compared to the corresponding period of the previous fiscal, taking advantage of excellent shipment performance from the apparels.
Bangladesh earned $24.65 billion from exports during July-April period of the current fiscal while it stood $21.78 billion during the July-April period of last fiscal, according to an official figure released by the commerce ministry on Thursday.
The data indicates that the country’s export earnings for the said period of the current fiscal also surpassed the official target by 0.40 per cent. Earlier, the Export Promotion Bureau (EPB) had set an export target of $30.50 billion for the fiscal 2013-14 and of which, the target for the July-April was set at $ 24.55 billion.
“Our exports remained stable and recorded satisfactory growth during the said period due to the growing shipments from the ready-made garments (RMG),” Subhasish Bose, vice-chairman of EPB told The New Nation yesterday.
He added: Other export sectors also did well helping to surpass the export target set for the period.  
During the ten months of the current fiscal, knitwear exports increased 16.96 per cent to reach $ 9.80 billion, while woven exports 13.91 per cent to reach $10.16 billion. Export earning from knitwear  
was recorded at $8.38 billion and woven garment at $ 8.92 billion during the same period of the last fiscal, the EPB data shows.  
Subasish Bose said the garments sector suffered from the recent volatile political situation, with the drop in export orders and shipment cancellation. However, the sector recovered strongly taking advantage of the ongoing stability in the country’s political arena. “This has ultimately reflected on the country’s overall export earnings,” he added.
Garment exports account for nearly 80 per cent of the country’s total exports.
The EPB figure also shows that significant rise was also recorded in footwear, ceramic products, furniture, frozen foods, vegetables, pharmaceuticals and leather that contributed to the overall export growth during the period.
Footwear showed 30.24 per cent growth, leather 33.90 per cent, pharmaceuticals 21.21 per cent, ceramic products 27.75 per cent, furniture 39.72 per cent, frozen foods 23.31 per cent and vegetables 42.64 per cent.
On the other hand, jute and jute goods, a potential export sector of the country, continued to show negative growth. The export earnings of the sector touched $678.71 million during the July-April period of the current fiscal, showing a 21.09 per cent fall in shipments, compared to the same period a year ago.