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Merchandise exports witness 11.61pc growth

FE Online Report | Published: May 09, 2019 19:10:42 | Updated: May 21, 2019 14:09:07


The country's merchandise exports during the July-April of current fiscal (FY19) marked 11.61 per cent growth, according to official data released on Thursday.  

As per data by Export Promotion Bureau (EPB), merchandise export in FY19 stood at $33.93 billion which was $30.40 billion during the same period of the previous fiscal (FY18).

The data also showed that export performance was 6.36 per cent higher than the target set for the ten-month period of this fiscal.

The single month earnings in this year’s April grew by 2.69 per cent to $ 3.03 billion, which was $ 2.95 billion in the same month of 2018.

However, the performance of April fell short of target by 1.52 per cent.

The EPB data showed that earnings from export of readymade garments (RMG) during the July-April period of current fiscal grew by 12.59 per cent.

The export earnings from RMG sector in the aforementioned period of FY19 stood at $28.49 billion which was $25.30 billion in the same period of FY18.

The earnings of the current fiscal also surpassed the target by 6.53 per cent, according to the data.

The country earned $ 14.08 billion from knitwear exports during the period under review. It marked a growth of 12.32 per cent compared to $ 12.54 billion in the corresponding period of last fiscal.

Export of woven garments in the first ten months of FY19 grew by 12.85 per cent to $ 14.40 billion, from $12.76 billion in the same period of FY18.

The earnings from home textile exports witnessed a fall by 3.74 per cent to $ 723.59 million during the period.

Earnings from home textile, also, fell short of the target by 5.92 per cent during the period.

The earnings from jute and jute goods in July-April period of FY19 continued to decline as it fell by 21.83 per cent to $ 695.52 million from $ 889.74 million in the same period of FY18.

The country earned $ 837.07 million from exports of leather and leather products in the ten months of FY '19, marking an 8.69 per cent decline during the period.

Earnings from leather footwear, however, grew 6.72 per cent to $ 491.05 million in the July-April period.

Frozen and live fish exports in the July-April period of the current FY witnessed 2.65 per cent growth to $446.48 million during the same period of the current fiscal year, according to data.

Agricultural products including vegetables grew by 45.61 per cent to $790.9 million during the period which was $543.18 million in the corresponding period of last fiscal.

munni_fe@yahoo.com

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