Mixed trend in export earnings

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UNB, Dhaka :
Country’s overall export earnings in the outgoing calendar year (2014) witnessed a mixed trend of both positive growth and fall as some of the major exportable items found it hard to meet the export target throughout the year, especially in its later part.
According to the latest statistics provided by the Export Promotion Bureau (EPB), the country’s export earnings totalled $ 12,070.08 million during the July-November period of the current fiscal year with a mere 0.92 percent growth compared to the same period of last fiscal.
The figure is, however, 5.23 percent short of the target of $ 12,735.52 million for this five-month period.
The single-month export earnings in November this year totalled $ 2,417.43 million surpassing the strategic target for the month by 5.53 percent.
During the export figures till November of this fiscal, eight items woven garment,
 knitwear, home textiles, shrimp, agricultural products, jute and jute-made goods, leather and leather goods, footwear and engineering products, fetched the bulk of the earning with $ 11,540.78 million or 95.61 percent of the country’s overall export earnings.
Talking to UNB about the country’s overall export performance in 2014, EPB Vice Chairman Shubhashish Bose said, the export earnings have come out of the negative trend in this November from October with an overall (July-November) 0.92 percent growth and 5.23 percent growth in its single month.
He hoped the export growth would continue to improve further in this December and the following months in 2015.
The EPB Vice Chairman said the foreign buyers are now coming up with much more work orders for which the export earnings are expected to see a rise in the coming months.
He hoped that the fiscal target of export earnings in FY 15 would be fulfilled. The overall export earnings target in FY 15 is $ 33,200 million.
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