Export earning falls short of target
Tuesday, 5 June 2007
Naim-Ul-Karim
The country's export earning in the first ten months of the current fiscal fell short of target by about $ 78 million when export earning totalled $9912.79 million.
The export earning, however, grew by 18.50 per cent compared to the corresponding period of the previous fiscal, propelled by good performance in the woven garments and frozen food.
The export earning of the corresponding period in the previous fiscal was recorded at $8365.53 million.
According to the July-April data of 2006-07 of the Export Promotion Bureau (EPB), in April export earning declined by about 12.50 per cent to $875.04 million missing export target of $1000 million set for the same period.
In March the amount of export was $ $1010.05 million with 13.40 per cent growth.
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.
A high official of the EPB, requesting not to be named, said the volatile political situation from October to January, among other reasons, was responsible for missing the export target.
Besides, the delay in formulating export policy has also been responsible for missing the export target.
Official sources, however, expressed the hope that the present stable situation of the country would help achieve the export target.
However, the steady success came on the back of remarkable performance of woven garments, frozen foods, home textiles and leather products while handicrafts and ceramic products also performed well.
Earnings of the woven garment segment grew by 17.14 per cent to $3814.45 million crossing the export target of $3716.28 million.
Besides, earning from the second largest export earner, the frozen food items, also marked a rise by 16.29 per cent to $416.87 million crossing the target set for the period at $395.60 million.
The knitwear exports surged by 21.75 per cent to $3872.92 million but the product missed its export target set for the first ten month by nearly 5.47 per cent.
The growth for home textiles was 72.80 per cent to $215.95 million in the period.
Like previous months, the country's footwear exports also grew by 39.57 per cent to $111.99 million, as exporters said Bangladeshi shoes were reaping benefits after European Union (EU) a few months back, imposed anti-dumping duty on some categories of leather shoes from China and Vietnam.
The country's export earning in the first ten months of the current fiscal fell short of target by about $ 78 million when export earning totalled $9912.79 million.
The export earning, however, grew by 18.50 per cent compared to the corresponding period of the previous fiscal, propelled by good performance in the woven garments and frozen food.
The export earning of the corresponding period in the previous fiscal was recorded at $8365.53 million.
According to the July-April data of 2006-07 of the Export Promotion Bureau (EPB), in April export earning declined by about 12.50 per cent to $875.04 million missing export target of $1000 million set for the same period.
In March the amount of export was $ $1010.05 million with 13.40 per cent growth.
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.
A high official of the EPB, requesting not to be named, said the volatile political situation from October to January, among other reasons, was responsible for missing the export target.
Besides, the delay in formulating export policy has also been responsible for missing the export target.
Official sources, however, expressed the hope that the present stable situation of the country would help achieve the export target.
However, the steady success came on the back of remarkable performance of woven garments, frozen foods, home textiles and leather products while handicrafts and ceramic products also performed well.
Earnings of the woven garment segment grew by 17.14 per cent to $3814.45 million crossing the export target of $3716.28 million.
Besides, earning from the second largest export earner, the frozen food items, also marked a rise by 16.29 per cent to $416.87 million crossing the target set for the period at $395.60 million.
The knitwear exports surged by 21.75 per cent to $3872.92 million but the product missed its export target set for the first ten month by nearly 5.47 per cent.
The growth for home textiles was 72.80 per cent to $215.95 million in the period.
Like previous months, the country's footwear exports also grew by 39.57 per cent to $111.99 million, as exporters said Bangladeshi shoes were reaping benefits after European Union (EU) a few months back, imposed anti-dumping duty on some categories of leather shoes from China and Vietnam.