Export earnings grow by 16.45pc in 11 months

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FE Report
The country's export earning during July-May period of fiscal year (FY) 2006-07 grew by 16.45 per cent over that of the corresponding period last fiscal propelled by good performance in the woven garments and frozen food sectors, official figures revealed.
According to the Export Promotion Bureau (EPB), the total export receipts fell short of the strategic target by nearly 2.05 per cent to US$ 10,958.62 million.
The export earning during July-May period of fiscal 2005-06 was recorded to $9,410.55 million.
Export price index, during the first eleven months of FY 2006-07, declined by 0.75 per cent but the volume of export increased by 17.20 per cent compared to the same period of the previous fiscal.
The price index and primary product export volume, however, increased by 3.78 and 4.01 per cent respectively.
On the other hand, the quantity of industrial products exported registered a rise of 18.24 per cent despite decline in its price index compared to the same period of previous fiscal.
However, exporters earned $10.5 billion, in fiscal year 2005-06, registering about 22 per cent growth over the previous year. For the current fiscal, target has been set at $12.5 billion projecting a 19 per cent growth.
Sources said the steady success came on the back of remarkable performances of woven garments, frozen foods, home textiles, leather products, handicrafts and ceramic products. However, earnings of the woven garment segment grew by 14.69 per cent to $4,182.88 million crossing the target of the period $4,161.65 up by 4.69 per cent.