FY09 exports total $15.36b
Monday, August 03,2009
DHAKA: The countrys export earnings amounted to $15.36 billion in the 2008-09 fiscal year, posting a 10 per cent growth amid export slide in many Asian countries, commerce ministry officials said.
The growth however was slower than previous years rise of 17 per cent. The countrys export revenues totalled $14.11 billion in the 2007-08 fiscal with apparels accounting for $10.7 billion or 76 per cent of the total.
Despite steep fall in global demands, readymade garments maintained 12 per cent growth and fetched $12 billion in 2008-2009 fiscal that ended in June.
Export Promotion Bureau officials are still analysing the export data to prepare sector-wise earning reports.
The complete annual export report is expected in a day or two, they said.
The starting of the fiscal year was robust for the garment exporters, but from October onwards apparel exports experienced seesaw in shipments to western market, hard hit by the worst recession in decades.
Exporters said they had to compromise on prices to stay afloat amid stiff competition from other Asian exporters.
EPB vice-chairman M Shahabullah told New Age on Sunday that price cuts on merchandises by the western importers impacted the overall export incomes.
It is very unfortunate that importers cited recession and forced Bangladeshi exporters to cut prices of apparels, whose prices are already lower than global average, he said.
Export target for the current fiscal may be set at $17.6 billion with 13 per cent growth projection, expecting $13.6 billion from apparel sales.
South Asian Media Net
Monday, August 03,2009
DHAKA: The countrys export earnings amounted to $15.36 billion in the 2008-09 fiscal year, posting a 10 per cent growth amid export slide in many Asian countries, commerce ministry officials said.
The growth however was slower than previous years rise of 17 per cent. The countrys export revenues totalled $14.11 billion in the 2007-08 fiscal with apparels accounting for $10.7 billion or 76 per cent of the total.
Despite steep fall in global demands, readymade garments maintained 12 per cent growth and fetched $12 billion in 2008-2009 fiscal that ended in June.
Export Promotion Bureau officials are still analysing the export data to prepare sector-wise earning reports.
The complete annual export report is expected in a day or two, they said.
The starting of the fiscal year was robust for the garment exporters, but from October onwards apparel exports experienced seesaw in shipments to western market, hard hit by the worst recession in decades.
Exporters said they had to compromise on prices to stay afloat amid stiff competition from other Asian exporters.
EPB vice-chairman M Shahabullah told New Age on Sunday that price cuts on merchandises by the western importers impacted the overall export incomes.
It is very unfortunate that importers cited recession and forced Bangladeshi exporters to cut prices of apparels, whose prices are already lower than global average, he said.
Export target for the current fiscal may be set at $17.6 billion with 13 per cent growth projection, expecting $13.6 billion from apparel sales.
South Asian Media Net
I think our Bangla Brothers 
have been holding against the tides very good 
even though leaders from our side werent so good with them 
and then there's living with a Giant Bully next door 
and the frequent storms and natural disasters every year 
