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Country\\\'s export earnings mark 13.18pc growth in 10 months of FY\\\'14

FE Report | Friday, 9 May 2014



Country's earnings from merchandise exports during the first ten months of the current fiscal year registered a 13.18 per cent growth over the corresponding period of last fiscal.
The export receipts in the July-April period showed a slight upward trend compared to that of July-March period's earnings, official data revealed.
According to the Export Promotion Bureau (EPB), the country's overall export stood at $24.65 billion during the first ten months of the FY of 2013-14.
However, the earnings surpassed the target by 0.40 per cent set for the period.
The single month's earning in April last stood at $2.41 billion marking a 16 per cent growth. However, the earning fell short of the target by 3.10 per cent.
However, the government officials have termed the growth good and normal, considering the country's overall situation, including the recent political turmoil, and a series of accidents in apparel sector.
Earnings from knit products stood at $9.80 billion during the July-April period of the FY 14, registering a growth of 16.96 per cent and surpassing the target by 5.19 per cent, according to EPB data.
Woven products fetched $10.16 billion, showing a growth of 13.91 per cent. The earning also crossed the target by 0.45 per cent.
Export earning from knit items stood at $1.25 billion in July, $848.25 million in August, $1.05 billion in September, $862.01 million in October, $877.61 million in November, $1.048 billion in December, $1.045 billion in January, $915.76 million in February, $920.69 million in March and $972.38 million in April of this fiscal.
Similarly, woven items fetched $1.26 billion in July, $796.05 million in August, $985.26 million in September, $820.49 million in October, $889.35 million in November, $1.22 billion in December, $1.19 billion in January, $1.04 billion in February, $ 993.37 million in March and $944.95 million in April.
The EBP data also showed that export of jute and jute goods witnessed a negative growth of 21.09 per cent during the July-April period of 2013-14.
Earnings from leather and leather goods, frozen food, pharmaceuticals and footwear grew by 33.90 per cent, 70.14 per cent, 23.31 per cent, 21.21 per cent, and 30.24 per cent respectively during the period.