Staff Reporter :
Bangladesh’s export income in the first four months of the current 2016-17 fiscal year grew 6.53 per cent, an official said Sunday.
The Export Promotion Bureau (EPB) official told The New Nation that the country earned a total of US$10.79 billion from export during July-October of 2016-17 fiscal compared to US$ 10.13 billion in the same period a year earlier.
Quoting the EPB’s monthly export data, he said, export performance for October was US$ 2.71 billion, 14.39 per cent higher than that in the same month a year ago.
Bangladesh fetched US$ US$ 2.37 billion from exports in October 2015.
The official said overall export growth surged as demand for made in Bangladesh garment items have picked up.
He said readymade garment exports from Bangladesh grew at 7.8 per cent in the July-October period of the current 2016-17 fiscal year.
Bangladesh’s garments export totaled at US$8.82 billion during the said period and the contribution of knitwear was US$ 4.53 billion and woven was US$4.28 billion to the total export.
The EBP official said that exports rose by 6.53 per cent in the July-October period but missed the target.
“The export receipts are about 6.84 per cent less than the July-October’s target of US$11.58 billion,” he said quoting EBP data.
The EPB figures showed that the single-month export earnings notched a 14.39 percent growth in October this year totalling $ 2,712.83 million compared to $ 2,371.50 million fetched in October last year.
The single-month export earning is also 2.84 percent higher than the strategic target of $ 2,638 million.
The export target for the current fiscal (FY17) was earlier set at $ 37000 million.
According to the EPB statistics, knitwear continued to fetch the bulk of the earnings during the July-October period with $ 4,535.14 million, representing a good 8.75 percent growth over the same period (July-Oct) last year while woven garments earned $ 4,286.30 million, a slight growth of 5.37 percent.
Export of home textiles totalled $ 216.66 million with a fall of 1.55 percent; leather footwear exports earned $ 191.33 million; primary commodities $ 365.64 million; frozen and live fish $ 196.61 million while shrimps $ 179.52 million; and agricultural products $ 169.03 million.
The export trend for leather products and plastic products except leather maintained their upward trend during the period. Leather exports totalled $ 90.49 million while leather products $ 146.69 million; cotton and cotton products together earned $ 32.42 million; plastic products $49.18 million; while rubber exports is still in the negative trend to total only $5.15 million.
During the four-month period, export of chemical fertiliser notched a whooping growth of 28,050 percent cashing $ 5.63 million followed by wool and woolen products with a staggering 1200 percent growth earning $0.13 million followed export of cement, salt and stone with 221.13 percent growth totaling $2.28 million.
The exports of jute and jute goods in July-October totalled $ 296.26 million, registering a 4.15 percent growth. Raw jute exports fetched $ 68.16 million with 1.23 percent decline; jute yarn and twine $ 167.52 million; jute sacks and bags $ 44.05 million; and other items brought in some $ 16.53 million.
Engineering products including iron and steel, bicycle and electronic products fetched almost $ 120.10 million. Export of manmade filaments and staple fibers totaled $ 31.06 million while other manufactured products earned $ 50.95 million.
Among the other items, export of handicrafts totalled $4.37 million; paper and paper products $ 19.50 million; furniture $11.91 million; chemical products $ 43.20 million; pharmaceuticals $27.44 million; and ores, slag and ash $1.43 million.
Specialised textiles including terry towel, special woven fabric and knitted fabrics marked a negative growth of 10.48 percent earning $ 30.65 million in July-October period.
Bangladesh’s export income in the first four months of the current 2016-17 fiscal year grew 6.53 per cent, an official said Sunday.
The Export Promotion Bureau (EPB) official told The New Nation that the country earned a total of US$10.79 billion from export during July-October of 2016-17 fiscal compared to US$ 10.13 billion in the same period a year earlier.
Quoting the EPB’s monthly export data, he said, export performance for October was US$ 2.71 billion, 14.39 per cent higher than that in the same month a year ago.
Bangladesh fetched US$ US$ 2.37 billion from exports in October 2015.
The official said overall export growth surged as demand for made in Bangladesh garment items have picked up.
He said readymade garment exports from Bangladesh grew at 7.8 per cent in the July-October period of the current 2016-17 fiscal year.
Bangladesh’s garments export totaled at US$8.82 billion during the said period and the contribution of knitwear was US$ 4.53 billion and woven was US$4.28 billion to the total export.
The EBP official said that exports rose by 6.53 per cent in the July-October period but missed the target.
“The export receipts are about 6.84 per cent less than the July-October’s target of US$11.58 billion,” he said quoting EBP data.
The EPB figures showed that the single-month export earnings notched a 14.39 percent growth in October this year totalling $ 2,712.83 million compared to $ 2,371.50 million fetched in October last year.
The single-month export earning is also 2.84 percent higher than the strategic target of $ 2,638 million.
The export target for the current fiscal (FY17) was earlier set at $ 37000 million.
According to the EPB statistics, knitwear continued to fetch the bulk of the earnings during the July-October period with $ 4,535.14 million, representing a good 8.75 percent growth over the same period (July-Oct) last year while woven garments earned $ 4,286.30 million, a slight growth of 5.37 percent.
Export of home textiles totalled $ 216.66 million with a fall of 1.55 percent; leather footwear exports earned $ 191.33 million; primary commodities $ 365.64 million; frozen and live fish $ 196.61 million while shrimps $ 179.52 million; and agricultural products $ 169.03 million.
The export trend for leather products and plastic products except leather maintained their upward trend during the period. Leather exports totalled $ 90.49 million while leather products $ 146.69 million; cotton and cotton products together earned $ 32.42 million; plastic products $49.18 million; while rubber exports is still in the negative trend to total only $5.15 million.
During the four-month period, export of chemical fertiliser notched a whooping growth of 28,050 percent cashing $ 5.63 million followed by wool and woolen products with a staggering 1200 percent growth earning $0.13 million followed export of cement, salt and stone with 221.13 percent growth totaling $2.28 million.
The exports of jute and jute goods in July-October totalled $ 296.26 million, registering a 4.15 percent growth. Raw jute exports fetched $ 68.16 million with 1.23 percent decline; jute yarn and twine $ 167.52 million; jute sacks and bags $ 44.05 million; and other items brought in some $ 16.53 million.
Engineering products including iron and steel, bicycle and electronic products fetched almost $ 120.10 million. Export of manmade filaments and staple fibers totaled $ 31.06 million while other manufactured products earned $ 50.95 million.
Among the other items, export of handicrafts totalled $4.37 million; paper and paper products $ 19.50 million; furniture $11.91 million; chemical products $ 43.20 million; pharmaceuticals $27.44 million; and ores, slag and ash $1.43 million.
Specialised textiles including terry towel, special woven fabric and knitted fabrics marked a negative growth of 10.48 percent earning $ 30.65 million in July-October period.
