Exports record 15pc growth last fiscal
Naim-Ul-Karim | Wednesday, 30 July 2008
The country's export in fiscal 2007-08 recorded more than 15 per cent growth over that of previous fiscal, a senior official said Sunday.
According to the provisional statistics of the Export Promotion Bureau (EPB), Bangladesh fetched over $14.01 billion through export in fiscal 2007-08.
The official, however, said the export earning fell short of target by nearly 3.50 per cent.
In the first 11 months of the last fiscal, the country's export was worth $12.63 billion.
The commerce ministry termed the country's export performance in the last fiscal as impressive.
"We are happy with the export growth. It's an impressive performance," Feroz Ahmed, secretary of the commerce, said, when sought his comments on export performance.
Analysts said the country's export earning could not reach the target because of slump of developed economies.
The government set the export target at $14.50 billion in last fiscal, which is an increase of 19.07 per cent over that of the previous fiscal.
The commerce secretary said: "We are happy with the performance as it's a huge comeback after negative growth in the first quarter."
In the first quarter of 2007-08, export earning fell 5.37 per cent over that of the same time last fiscal, due largely to sharp fall in garment export as a result of labour unrest and political turmoil in late 2006.
After the negative growth in the first quarter, the country's export posted 4.42.5 per cent and 5.37 per cent growth respectively in the second and third quarter.
According to the provisional statistics of the Export Promotion Bureau (EPB), Bangladesh fetched over $14.01 billion through export in fiscal 2007-08.
The official, however, said the export earning fell short of target by nearly 3.50 per cent.
In the first 11 months of the last fiscal, the country's export was worth $12.63 billion.
The commerce ministry termed the country's export performance in the last fiscal as impressive.
"We are happy with the export growth. It's an impressive performance," Feroz Ahmed, secretary of the commerce, said, when sought his comments on export performance.
Analysts said the country's export earning could not reach the target because of slump of developed economies.
The government set the export target at $14.50 billion in last fiscal, which is an increase of 19.07 per cent over that of the previous fiscal.
The commerce secretary said: "We are happy with the performance as it's a huge comeback after negative growth in the first quarter."
In the first quarter of 2007-08, export earning fell 5.37 per cent over that of the same time last fiscal, due largely to sharp fall in garment export as a result of labour unrest and political turmoil in late 2006.
After the negative growth in the first quarter, the country's export posted 4.42.5 per cent and 5.37 per cent growth respectively in the second and third quarter.