Export earnings see slower growth in July-August
The exports of the country witnessed a slower growth of 2.51 per cent to $6.79 billion in the first two months of the current fiscal year (FY), 2018-19.
However, the rate of growth 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.