Exports miss mark - bdnews24.com
Exports miss mark
Staff Correspondent, bdnews24.com
Published: 09 July 2013 10:59 PM Updated: 09 July 2013 11:28 PM
The export earnings rose by 11.18 percent in the financial year ending June 30 over the previous year, according to Export Promotion Bureau.
The latest EPB data released on Tuesday showed Bangladesh earned US$27.02 billion from exports in the 2012-13 FY as against $24.30 billion the previous FY.
EBP said though last FYs exports saw double-digit growth, they fell short of the $28 billion target by 3.51 percent.
Apparels accounted for $21.51 billion or around 80 percent of the 2012-13 FYs exports. Of the total earnings from the sector, woven garments fetched $11.04 billion and knitwear $10.47 billion.
Woven garments registered 10.43 percent and knitwear 14.96 percent increases in export earnings.
In the 2011-2012 FY, the apparel sector earned from overseas markets $19.08 billion, which was 78.51 percent of countrys total export earnings.
However, earnings from frozen fishes, tea, raw jute and ships declined in the just concluded FY over the previous FY.
Overseas earnings from the shipbuilding sector plunged by 87.53 percent to $5.7 million from $46 million of the previous FY.
Exports of raw jute fell by 13.56 percent in terms of value, tea by 27.81 percent, shrimps by 3.55 percent, other frozen fishes by 46.33 percent and home textiles by 12.64 percent.
But earnings from vegetables, fruits, spices, dried food, pharmaceutical products, leather goods, wood and wood products, paper and furniture registered rises.
Exports miss mark
Staff Correspondent, bdnews24.com
Published: 09 July 2013 10:59 PM Updated: 09 July 2013 11:28 PM
The export earnings rose by 11.18 percent in the financial year ending June 30 over the previous year, according to Export Promotion Bureau.
The latest EPB data released on Tuesday showed Bangladesh earned US$27.02 billion from exports in the 2012-13 FY as against $24.30 billion the previous FY.
EBP said though last FYs exports saw double-digit growth, they fell short of the $28 billion target by 3.51 percent.
Apparels accounted for $21.51 billion or around 80 percent of the 2012-13 FYs exports. Of the total earnings from the sector, woven garments fetched $11.04 billion and knitwear $10.47 billion.
Woven garments registered 10.43 percent and knitwear 14.96 percent increases in export earnings.
In the 2011-2012 FY, the apparel sector earned from overseas markets $19.08 billion, which was 78.51 percent of countrys total export earnings.
However, earnings from frozen fishes, tea, raw jute and ships declined in the just concluded FY over the previous FY.
Overseas earnings from the shipbuilding sector plunged by 87.53 percent to $5.7 million from $46 million of the previous FY.
Exports of raw jute fell by 13.56 percent in terms of value, tea by 27.81 percent, shrimps by 3.55 percent, other frozen fishes by 46.33 percent and home textiles by 12.64 percent.
But earnings from vegetables, fruits, spices, dried food, pharmaceutical products, leather goods, wood and wood products, paper and furniture registered rises.
