Export earnings fall by 11.49pc in August

Staff Correspondent

8th September, 2019 11:16:42 printer

Export earnings fall by 11.49pc in August

Export earnings in August, the second month of the current fiscal year, fell by 11.49 percent compared to this time last year, as the number of shipment of readymade garments declined.

According to the data of Export Promotion Bureau (EPB) released on Sunday, export earnings in the second month of the current fiscal fell 0.49 per cent to $2.84 billion from $3.21 billion in the same month of the last fiscal.

Sector insiders said that earnings fell due to the Eid vacation as most of the exporters did not ship their products for at least seven days.

Meanwhile, country’s overall export earnings in July-August, the first two months of the current fiscal fell by 0.92 per cent to $6.73 billion from $6.79 billion in the same period of previous fiscal, EPB data showed.

Export earnings from apparel sector in the first two months, which accounts for 84 percent of national exports, decreased by 0.33 per cent to $5.71 billion from $5.73 billion in the same period of last fiscal.

Of the total, earnings from woven garments fell by 0.94 per cent to $2.79 billion in July-August of fiscal 2019-20 from $2.82 billion in the same period of the last fiscal year.

Knitwear export in the first two months of the fiscal fell by 0.27 per cent to $2.92 billion from $2.91 billion in the same period of previous fiscal.

The good news is that leather and leather goods have come into a positive trajectory after a long period of time.

During the first two months, leather and leather goods export grew by 1.32 percent to $185 million from $143 million in the same period of previous fiscal.

Export earnings from frozen and live fish decreased by 5 per cent to $82.85 million while the shrimp export fell by 9.83 percent to $66.20 million in the period.

Export earnings from jute and jute good decreased by 0.43 percent to $130.57 million from $131.14 million in last fiscal.


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