Negative export trend might go in few months
Friday, 12 March 2010
Country's export earnings continued the downtrend with 4.69 per cent negative growth in the first seven months of the current fiscal (July-January) compared to the corresponding period of the previous fiscal (2008-09), reports UNB.
According to the latest statistics provided by Export Promotion Bureau (EPB), the export earnings for the July-January period of the current fiscal (2009-10) totaled US$ 8702.96 million, which is 12.03 per cent less than the targeted US$ 9892.96 million. Export earnings amounted to US$ 9131.05 million during the same period of last fiscal (2008-09).
EPB statistics, however, showed that in January 2010, the export income was US$ 1426.21 million against the target of US$ 1393.92 million - a positive growth of 2.32 per cent over the target. The amount is also 3.49 per cent higher than US$ 1378.05 million earned in January 2009.
Talking to UNB, Mustafa K Mujeri, director general of Bangladesh Institute of Development Studies (BIDS), said that the negative trend of export, which has been prevailing for the last few months, is going out but at a slow pace.
"I hope, this negative trend will go in the next 2 to 3 months and the export will return to the positive track."
He observed that as the first seven months of the current fiscal experienced negative trend, the overall export performance of the country might be less at the end of the fiscal even with a positive trend in later stages.
During the July-January period of the current fiscal, jute goods, raw jute, electronics, petroleum byproducts and engineering products recorded growth over last year's performance and also over the target.
Export of jute goods and raw jute recorded 48.69 per cent and 38.45 per cent growth respectively during the period compared to the corresponding period of the previous fiscal (2008-09).
In the first seven months, export earning of jute goods totaled US$ 229.65 million while raw jute US$ 111.22 million, both well over the export target.
According to the latest statistics provided by Export Promotion Bureau (EPB), the export earnings for the July-January period of the current fiscal (2009-10) totaled US$ 8702.96 million, which is 12.03 per cent less than the targeted US$ 9892.96 million. Export earnings amounted to US$ 9131.05 million during the same period of last fiscal (2008-09).
EPB statistics, however, showed that in January 2010, the export income was US$ 1426.21 million against the target of US$ 1393.92 million - a positive growth of 2.32 per cent over the target. The amount is also 3.49 per cent higher than US$ 1378.05 million earned in January 2009.
Talking to UNB, Mustafa K Mujeri, director general of Bangladesh Institute of Development Studies (BIDS), said that the negative trend of export, which has been prevailing for the last few months, is going out but at a slow pace.
"I hope, this negative trend will go in the next 2 to 3 months and the export will return to the positive track."
He observed that as the first seven months of the current fiscal experienced negative trend, the overall export performance of the country might be less at the end of the fiscal even with a positive trend in later stages.
During the July-January period of the current fiscal, jute goods, raw jute, electronics, petroleum byproducts and engineering products recorded growth over last year's performance and also over the target.
Export of jute goods and raw jute recorded 48.69 per cent and 38.45 per cent growth respectively during the period compared to the corresponding period of the previous fiscal (2008-09).
In the first seven months, export earning of jute goods totaled US$ 229.65 million while raw jute US$ 111.22 million, both well over the export target.