Dhaka, Bangladesh (BBN) – The country’s export earnings grew marginally by over 2.0 percent to US$ 6.29 billion in the first quarter of the current fiscal year (FY) as compared to the corresponding period of last fiscal
.
It, however, fell 5.2 percent short of the US$6.64 billion target for July-September period of the FY 2012-13 mainly due to poor performance by the woven and frozen food sectors, officials said.
The exports bounced back in the month of September, rising over 31 percent to 1.9 billion from the same month previous year, according to the stat-run Export Promotion Bureau (EPB) statistics.
The performance was 18 percent negative in August this year than the same month previous year. It was also 7.0 percent negative in the first two months of the current fiscal year.
The knitwear sector, largest export earner, managed to exceed its target by 1.0 percent but recorded 1.5 percent lower than the same period last fiscal.
Woven garments sector was 5.13 percent below the target, even though the earning from the sector rose by 10 percent in comparison to the previous fiscal.
The earnings from raw jute and jute-made products also increased by 2.57 percent, it was still 2.1 percent less than the target.
Meanwhile, the earnings from frozen foods including frozen fish, shrimps and others decreased by 30.5 percent and lagged behind the target by 22 percent. Tea exports rose 23 percent but remain 25.53 percent below the target, the EPB data showed.
BBN/SSR/AD-28Oct12-3:30 pm (BST)
