Export earnings rise by 7.38 per in July-February

FT ONLINE

 

Export earnings during the first eight months of this fiscal year grew by 7.38 per cent to $24.39 billion, official data shows.

As per the Export Promotion Bureau (EPB) data, the country earned $22.71 billion in the same period of the last FY 2016-17.

The data, released on Thursday, also showed this year’s February earnings grew by 13.53 per cent to $3.07 billion.

The earnings of February 2017 were $2.70 billion.

However, the single month’s earnings surpassed the target by 1.39 per cent.

Earnings from readymade garments (RMG) export during the period stood at $20.25 billion, marking an 8.68 per cent growth over the corresponding period of the FY 2016-17.

Export earnings from the woven grew by 5.94 per cent to $10.13 billion from $9.56 billion in the same period of the last fiscal.

The knitwear export stood at $10.12 billion during the period, marking an 11.56 per cent growth over the earnings of $9.07 billion in the same period of the FY17.

Woven and knitwear items earnings exceeded the target by 3.37 per cent and 3.05 per cent respectively.

Export earnings from jute and jute goods in the first eight months of the current fiscal increased by 14.61 per cent to $741.12 million from $646.62 million.

Agricultural products registered a 15.19 per cent growth with earnings of $406.20 million in the same period of the FY18.

Export earnings from home textiles during the period grew by 16.60 per cent to $583.18 million.

Leather and leather product exports witnessed a negative growth of 5.15 per cent to $784.97 million from $827.62 million in the same period of the FY17.

Leather footwear export, however, increased by 6.74 per cent to $393.94 million during the period.

Exports of frozen and live fish stood at $ 383.04 million, marking 7.01 per cent growth during the July-January period of current fiscal year.

RNA