Export earnings from apparel sector rise in seven months
FE Report | Friday, 13 March 2009
Export earnings from the country's apparel sector increased during the first seven months (July '08- January'09) of the current fiscal year over the same period of the previous fiscal despite the ongoing global recession.
The earnings from export of woven garments, knitwear, terry towel, textile fabrics and home textiles grew by 20.59, 26.17, 20.32, 83.74 and 15.55 per cent respectively during July-January period of the fiscal year (FY) 2008-09 over the same period of the previous fiscal year, Export Promotion Bureau (EPB) data showed.
Woven garments fetched $3.389 billion during the period under review that was $2.811 billion during the same period of FY 2007-2008.
Earnings from knitwear products were $3.803 billion compared to $3.014 billion in July-January period of the previous fiscal year.
The country's overall export earnings grew by 18.16 per cent during the first seven months over the same period of the last fiscal year.
Bangladesh fetched $ 9.130 billion in exports during the July-January period of fiscal FY09, which was $7.727 billion during the same period of the last fiscal year.
Apart from woven garments, knitwear, terry towel, textile fabrics and home textiles, export earning of chemical products, footwear, computer services and agriculture products has also witnessed increase.
On the other hand, export earning of tea, raw jute, handicraft, jute products, electronics, leather, ceramic products, frozen food and other primary products, petroleum bi-products and engineering products has dropped, according to EPB statistics.
Although the overall export earning has increased, the country has failed to reach its target by 0.45 per cent margin.
The export target for fiscal 2008-09 was fixed at $16.298 billion against $14.11 billion of the previous fiscal year.
The value index of total export increased during the corresponding period by 2.93 per cent over the same period of the last fiscal year.
The volume of the export grew by 15.23 per cent.
The value index of the primary products has increased by 20.06 per cent, but its export volume decreased by 28.51 per cent during the same period.
The manufactured products have also seen export increase both in value index and volume which was 1.91 and 18.49 per cent respectively compared to those of the last fiscal year.
The export earnings reached US$1.378 billion in January, registering a 11.86 per cent growth over the corresponding month of the previous year, according to the EPB statistics.
The earnings from export of woven garments, knitwear, terry towel, textile fabrics and home textiles grew by 20.59, 26.17, 20.32, 83.74 and 15.55 per cent respectively during July-January period of the fiscal year (FY) 2008-09 over the same period of the previous fiscal year, Export Promotion Bureau (EPB) data showed.
Woven garments fetched $3.389 billion during the period under review that was $2.811 billion during the same period of FY 2007-2008.
Earnings from knitwear products were $3.803 billion compared to $3.014 billion in July-January period of the previous fiscal year.
The country's overall export earnings grew by 18.16 per cent during the first seven months over the same period of the last fiscal year.
Bangladesh fetched $ 9.130 billion in exports during the July-January period of fiscal FY09, which was $7.727 billion during the same period of the last fiscal year.
Apart from woven garments, knitwear, terry towel, textile fabrics and home textiles, export earning of chemical products, footwear, computer services and agriculture products has also witnessed increase.
On the other hand, export earning of tea, raw jute, handicraft, jute products, electronics, leather, ceramic products, frozen food and other primary products, petroleum bi-products and engineering products has dropped, according to EPB statistics.
Although the overall export earning has increased, the country has failed to reach its target by 0.45 per cent margin.
The export target for fiscal 2008-09 was fixed at $16.298 billion against $14.11 billion of the previous fiscal year.
The value index of total export increased during the corresponding period by 2.93 per cent over the same period of the last fiscal year.
The volume of the export grew by 15.23 per cent.
The value index of the primary products has increased by 20.06 per cent, but its export volume decreased by 28.51 per cent during the same period.
The manufactured products have also seen export increase both in value index and volume which was 1.91 and 18.49 per cent respectively compared to those of the last fiscal year.
The export earnings reached US$1.378 billion in January, registering a 11.86 per cent growth over the corresponding month of the previous year, according to the EPB statistics.