Dhaka, Bangladesh (BBN)– The country’s overall export earnings grew by 11.56 per cent in the just concluded fiscal year (FY) 2013-14 but missed the target, officials said on Thursday.
The export earnings rose to US$30.18 billion in the July-June period of the FY 14 from $27.03 billion in the previous fiscal, according to the Export Promotion Bureau (EPB) statistics. The government earlier set an export target of $30.50 billion for the FY 14.
The country’s ready-made garment exports are continuing to soar, rising by nearly 14 per cent in the FY 14 as restoring political stability after holding the national election on January 5.
Apparel exports rose to $24.49 billion in the FY 14 from July to June from $21.51 billion a year earlier – and exceeding targets set at $24.15 billion.
Woven garment exports grew by 12.70 per cent to $12.44 billion in the last fiscal, from $11.04 billion previous year while Knitwear exports increased by 15.02 per cent to $12.05 billion from $10.47 billion, the EPB data showed.
Update-1: BBN/SSR/AD-10July14-12:59 pm (BST)
BBN/SSR/AD-10July14-12:27 pm (BST)
