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Country’s average annual growth in merchandise export stood at 10.48 per cent during the last 10 years.
The figure is estimated on the basis of export data, furnished by the Export Promotion Bureau (EPB).
It also showed that in the last 10 years, between FY09 and FY18, most of the time annual export registered single-digit growth.
The highest annual growth was registered in FY11 when country’s merchandise export jumped by 41.39 per cent and stood at $22.92 billion.
Three more fiscal years also experienced double-digit growth in annual export. These are: 10.28 per cent in FY09, 11.29 per cent in FY13 and 11.66 per cent in FY14.
Export earnings showed single-digit growth in the past four years at a stretch.
The lowest annual export growth, only 1.20 per cent, was recorded in FY17.