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Tuesday, February 9, 2016, Magh 27, 1422 BS, Rabius Sani 28, 1437 Hijri


Exports rise by 8.3pc to $19.27b in seven months
Business Correspondent
Published :Tuesday, 9 February, 2016,  Time : 12:00 AM  View Count : 29
Exports from the country rose by 10.4 per cent in January from a year earlier to $3.18 billion, driven by stronger sales of garments, Export Promotion Bureau data indicated on Monday.
Exports for July to January, the first seven months of the ongoing fiscal year (2015-16), rose by 8.3 per cent to $19.27 billion compared to the same period in the last fiscal year, accoding to the data.
Readymade garments including knitwear and woven apparels, totalled $15.76 billion in July-Jan, up 9 per cent from a year earlier. RMG exports share more than 80 per cent of the total export earnings of the country, the world's largest garment exporter after China.
The total export earnings during the last fiscal (FY15) stood at $31.21 billion.
During the seven-month period, the export of home textiles fetched $ 421.22 million with a fall of 6.44 per cent, while leather footwear $297.03 million, primary commodities $ 634.17 million; frozen foods, including frozen fish, shrimps and others $ 331.81 million; and agricultural products $ 302.36 million.
The export from engineering equipment registered a healthy growth of 24 per cent during the period fetching $ 317.09 million, followed by export of petroleum byproducts with an astonishing 577.46 per cent growth ($ 208.32 mn).
Of the other major performing commodities, fruit exports totalled $ 17.73 million with a negative growth of 33.27 per cent; cement, salt and stone $ 1.29 million; while tea export accounted for $ 1.29 million with a negative growth of 42.67 per cent.
The export trend for leather products except leather and plastic products maintained their uptrend during the July-January period of the current fiscal.
Leather exports totalled $ 161.91 million, while leather products $ 204.08 million with an eye-catching growth of 56 per cent; cotton and cotton products together earned $ 59.25 million; plastic products $ 51.73 million; and rubber $ 14.25 million.
The export of jute and jute goods maintained their positive trend during the July-January period of the current fiscal fetching $ 494.52 million, registering 1.04 per cent fall. Raw jute exports fetched $ 83.43 million with 27.39 percent rise; while jute yarn and twine accounted for $ 301.38 million and other items some $ 37.05 million.
The export of jute sacks and bags showed a fall of 26.67 percent during the period as it totalled $ 72.66 million.











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