Five major export items fail to achieve target during July-Nov
Thursday, 14 January 2010
FE Report
The country's five major export items that contribute over 85 per cent to the country's total export failed to achieve their target at the end of first five months of the 2009-10 fiscal.
According to data revealed by the state-run Export Promotion Bureau (EPB), the earning from all top five exportable items during July-November period of the current fiscal are below their earning recorded during the same period of the previous fiscal.
Earning from the country's top export product - knitwear garments - recorded a 5.66 per cent fall during the fist five months of this fiscal against its earning during the corresponding period of the previous fiscal.
Against the estimated export target of US$ 2853.94 million, the knitwear export during the period remained within US$ 2581.68 million, less by 9.54 per cent.
Similar declining trend was also witnessed in the export of woven garments, the country's second largest export commodity. At the end of November 2009, export earning from this item was US$ 2124.17 million, which was 18.79 per cent less than its target - US$ 2615.65 million - and 7.86 per cent less against the same period of last year.
Export of frozen foods, the third largest export item of the country, also witnessed a 24.51 per cent fall during the July-November period of current fiscal against the same period of last year. The sector earned US$ 182.98 million at the end of November 2009, which was 0.07 per cent less than its target.
Export earning from home textile witnessed a significant 16.48 per cent fall and footwear export declined by 5.51 per cent against their earnings during the fist five months of the previous fiscal.
The country's five major export items that contribute over 85 per cent to the country's total export failed to achieve their target at the end of first five months of the 2009-10 fiscal.
According to data revealed by the state-run Export Promotion Bureau (EPB), the earning from all top five exportable items during July-November period of the current fiscal are below their earning recorded during the same period of the previous fiscal.
Earning from the country's top export product - knitwear garments - recorded a 5.66 per cent fall during the fist five months of this fiscal against its earning during the corresponding period of the previous fiscal.
Against the estimated export target of US$ 2853.94 million, the knitwear export during the period remained within US$ 2581.68 million, less by 9.54 per cent.
Similar declining trend was also witnessed in the export of woven garments, the country's second largest export commodity. At the end of November 2009, export earning from this item was US$ 2124.17 million, which was 18.79 per cent less than its target - US$ 2615.65 million - and 7.86 per cent less against the same period of last year.
Export of frozen foods, the third largest export item of the country, also witnessed a 24.51 per cent fall during the July-November period of current fiscal against the same period of last year. The sector earned US$ 182.98 million at the end of November 2009, which was 0.07 per cent less than its target.
Export earning from home textile witnessed a significant 16.48 per cent fall and footwear export declined by 5.51 per cent against their earnings during the fist five months of the previous fiscal.