July-Oct export earnings stand at $13.65b

FE Online Report | Published: November 06, 2018 21:32:02 | Updated: November 08, 2018 11:36:28


Export earnings from the country’s merchandise shipment during the first four months of current fiscal year (FY19) stood at $13.65 billion marking, an 18.65 per cent growth over the corresponding period of last fiscal, official data shows.

The country fetched $11.50 billion during July-October period of fiscal year 2017-18 (FY18).

The export performance was 12.57 per cent higher than the target set for the period, data showed.

The single month earnings in October 2018 grew by 30.53 per cent to $3.71 billion from $2.84 billion in 2017, according to the Export Promotion Bureau (EPB) data released on Tuesday.

October’s performance also surpassed the target set for the month by 32.68 per cent.

Earnings from export of readymade garments (RMG) during July-October of this fiscal grew by 20.08 per cent to $11.33 billion, which was $8.19 billion in the corresponding period of last fiscal, according to EPB data.

The earnings also surpassed the target by 11.50 per cent.

The country earned $5.87 billion from knitwear export during the period, which marked a growth of 17.83 per cent compared to that of $4.98 billion in the corresponding period.

Woven garments earnings in the first four months of FY19 grew by 22.61 per cent to $5.45 billion, from $4.45 billion in the same period of last fiscal.

The EPB data showed that earnings from home textile witnessed a growth of 3.37 per cent to $269.57 million from $260.79 million.

Earnings from home textile, however, fell short of target by 7.77 per cent during July-October of FY19.

Jute and jute goods earnings in July-October in the current fiscal year fell by 16.28 per cent to $288.85 million, from $345.01 million in the same period of last fiscal.

The country fetched $345.2 million from leather and leather product exports in the first four months of FY19, marking a 19.43 per cent negative growth during the period.

Earnings from leather footwear marked market 6.90 per cent growth with earnings of $216.16 million in July-October period.

Frozen and live fish exports in the first four months of current fiscal witnessed a negative growth of 13.04 per cent to $197.31 million during the same period of current fiscal, according to data.

 

munni_fe@yahoo.com

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