Export earnings see nearly 4pc growth in July-April | 2017-05-12 | daily-sun.com

Export earnings see nearly 4pc growth in July-April

Sun Online Desk     12th May, 2017 11:22:57 printer

Export earnings see nearly 4pc growth in July-April

The country witnessed 3.92 percent growth in export earnings during the period of July-April of 2016-17 fiscal compared to the same period of the 2015-16 fiscal. 

According to Export Promotion Bureau (EPB), the country earned US 28,721.71 million dollars during the period of 2016-17 fiscal against the target of US$ 37,000 million.

The export earnings during the July-April (2015-16) were US$27,637.22 million.

However, the country earned US$2775.69 million (3.82 percent) during the month of April as the export target for the month was US$2886 million.

Export preference for knitwear, jute, tea and leather products helped the country to maintain the positive export growth during the July to April period.

Knitwear exports went up by 4.81 percent to $11254.17 million in July-April.

Tea exports also went up by 165.13 percent to $4.03 million while raw jute exports increased by 25.22 percent to $154.02 million. Leather products shipments rose 19.08 percent to $373.31 million while that of leather footwear went up by 14.05 percent to $431.65 million in July-April period.

Home textiles registered a growth of 6.58 percent to fetch $664.8 million in the first 10 months of the ongoing fiscal year.

Engineering equipment exports also increased by 50.37 percent to $249.91 million during the period. 

Besides, export performance for frozen and live fish, shrimps and crabs showed downward during the period.