Export earnings see sluggish growth in July-August

FE Online Report | Published: September 11, 2018 14:05:54 | Updated: September 15, 2018 12:16:43


The country's earnings from goods exports witnessed a sluggish 2.51 per cent growth to $6.79 billion in the first two months of the current fiscal year (FY), 2018-19.

The earnings also surpassed the target set for the months by 3.24 per cent, according to official data, released by the Export Promotion Bureau (EPB) on Tuesday.

The export fetched $6.62 billion during the corresponding period of last fiscal.

Earnings from the export of RMG products during July-August of this fiscal grew by 3.82 per cent to $5.73 billion, which was $5.52 billion in the same period of last fiscal, according to the EPB data.

The earnings also surpassed the target by 3.96 per cent.

The country earned $2.91 billion from knitwear export during July-August of this fiscal, which marked a meagre growth of 1.53 per cent from $2.86 billion in the same period of last fiscal.

The earnings from woven garments in the first two months of FY '19 grew by 6.28 per cent to $2.82 billion, from $2.65 billion in the corresponding period of FY '18.

The EPB data showed that earnings from home textile witnessed a negative growth of 4.53 per cent to $134.35 million from $140.73 million.

Thus, the earnings from home textile fell short of target by 15.31 per cent during July-August of FY '19.

Jute and jute goods earnings in July 2018 fell by 15.57 per cent to $131.13 million from $155.31 million in the same period of last fiscal year.

The country earned $183 million from leather and leather product exports in the first two months of FY '19, marking a 26.26 per cent negative growth during the period.

Earnings from leather footwear also marked a negative growth of 1.51 per cent to $128.78 million in July-August period.

Frozen and live fish exports in the first two months of current fiscal witnessed a negative growth of 30.23 per cent to $87.20 million during the same period of current fiscal, according to the data.

munni_fe@yahoo.com

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