Loading...

Export earnings mark 14.42pc rise in first half of FY19

FE Online Report | Published: January 03, 2019 18:53:04 | Updated: January 13, 2019 16:54:42


Export earnings from merchandise shipments during the first half of the current fiscal year (FY19) marked a 14.42 per cent rise than that of the corresponding period of the previous year.   

The earning from shipment of merchandise from July to December of FY19 stands at $20.49 billion, which was $17.91 billion during the same period of FY 18, says official data.

The export earnings during the first half of current fiscal overtook the target by 9.13 per cent, according to according to the Export Promotion Bureau (EPB) data released on Thursday.

The single month’s earnings in December 2018 grew by 2.18 per cent to $3.42 billion, which was $3.35 billion in the same month of the previous year.

However, this rise is lower than the target set for December by 3.49 per cent

Earnings from export of readymade garments (RMG) during the July-December period of the current fiscal grew by 15.65 per cent to $17.08 billion from $14.77 billion in the corresponding period of last fiscal.

The earnings surpassed the target by 8.51 per cent for the period, showed the data.

The country earned $8.65 billion from knitwear exports during the period. It marked a growth of 13.92 per cent compared to $7.59 billion in the corresponding period of last fiscal.

Export of woven garments in the first half of FY'19 grew by 17.48 per cent to $8.43 billion, from $7.17 billion in the same period of last fiscal.

The EPB data showed that earnings from home textile export witnessed a meagre 0.3 per cent to $408.94 million during the first half of the current fiscal.

However, earnings from home textile fell short of the target by 9.68 per cent.

Jute and jute goods earnings in July-December in the current fiscal continued the declining trend.

The sector earnings dropped by 26.66 per cent to $421.02 million, from $574.05 million in the same period of the last fiscal.

The country earned $532.3 million from leather and leather product exports in the first half of FY 19, which is also 14.18 per cent lower during the same period of previous fiscal during the period.

Earnings from leather footwear grew 5.90 per cent to $325.67 million in the July-December period.

Frozen and live fish exports in the first half of the current fiscal witnessed a marginal growth of 0.73 per cent to $314.73 million during the same period of the current fiscal, according to data.

munni_fe@yahoo.com

 

Share if you like