Export earnings grow by 20pc in July

FE Online Report | Published: August 14, 2018 17:32:32 | Updated: September 13, 2018 14:37:50

Country's earnings from goods exports grew nearly 20 per cent to $3.58 billion in the first month of the current fiscal year (FY19).

A notable rise in apparel export played a role in the growth.

The earnings also surpassed the target set for the month by 6.94 per cent, according to official data, released by the Export Promotion Bureau (EPB) on Tuesday.

The country fetched $2.98 billion during the corresponding month of 2017.

Earnings from export of RMG products in July 2018 grew by 21.72 per cent to $3.01 billion, which was $2.47 billion in July 2017, according to EPB data.

The earnings also surpassed the target by 7.51 per cent.

The country earned $1.52 billion from knitwear export during the period, which marked an increase of 20.88 per cent compared to that of $1.26 billion in the corresponding month.

The earning from woven garments in the first month of FY19 grew by 22.59 per cent to $1.49 billion, from $1.21 billion in the same month of FY18.

The EPB data showed that earnings from home textile grew by 3.62 per cent to $66.06 million from $63.75 million.

Earnings from home textile fell short of target by 18.16 per cent in July 2018.

Jute and jute goods earnings in July 2018 grew by 15.08 per cent to $74.26 million, from $64.53 million in the same month of last calendar year.

The country fetched $91.16 million from leather and leather product exports in the first month of FY19, marking a 21.73 per cent negative growth during the period.

Earnings from leather footwear marked a slow growth of 2.52 per cent with earnings of $66.24 million in July 2018.

Frozen food and fish exports in the first month of current fiscal witnessed a negative growth of 31.05 per cent to $40.97 million in July 2018.



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