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Export earnings rise by 6.33 per cent during July-March period of FY18

FE Online Report | Published: April 03, 2018 14:06:47 | Updated: April 03, 2018 17:12:51


Photo courtesy: ADB

The country's export earnings maintained a moderate growth of 6.33 per cent during the first nine months of the current fiscal year (FY), 2017-18.

The export earnings stood at US$27.45 billion during the July-March period of FY 18, which was $25.81billion in the corresponding period of last fiscal, 2016-17, according to official data released Tuesday.

The single month earnings in March 2018 fell by 1.38 per cent to $3.05 billion which was $3.09 billion in March last calendar year.

The March earnings also fell short of target by 3.19 per cent.

Earnings from readymade garments (RMG) export during the period stood at $22.83 billion, marking a 9.11 per cent growth over the corresponding period of the FY 2016-17.

Export earnings from the woven grew by 6.75 per cent to $11.51 billion from $10.78 billion in the same period of the last fiscal.

The knitwear export stood at $11.32 billion during the period, marking an 11.61 per cent growth over the earnings of $10.14 billion in the same period of the FY17.

Woven and knitwear items earnings exceeded the target by 4.03 per cent and 2.03 per cent respectively.

Export earnings from jute and jute goods in the first nine months of the current fiscal increased by 11.91 per cent to $818.09 million from $731.02 million.

Agricultural products registered a 15.46 per cent growth with earnings of $472.23 million in the same period of the FY18.

Export earnings from home textile during the period grew by 15.08 per cent to $669.87 million.

Leather and leather product exports witnessed a negative growth of 8.04 per cent to $848.78 million compared with that of $922.96 million in the same period of the FY17.

Leather footwear export, however, increased by 6.20 per cent to $425.33 million during the period.

Exports of frozen and live fish stood at $ 407.71 million, marking 6.57 per cent growth during the July-March period of current fiscal year.

munni_fe@yahoo.com

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