Dhaka, Bangladesh (BBN)– Bangladesh’s overall export earnings grew by nearly 4.0 per cent in the first 10 months of this fiscal year (FY) compared to the same period of the previous fiscal.
The country’s export earnings increased by 3.92 per cent to US$ 28.72 billion during the July-April period of the FY 2016-17 period of 2016-17 against the target of US$ 37 billion, according to the Export Promotion Bureau (EPB) latest statistics. It was $27.64 a year ago.
However, Bangladesh earned $2.77 billion during the month of April as the export target for the month was US$2.89 billion.
Export preference for knitwear, jute, tea and leather products helped the country to maintain the positive export growth during the July to April period.
Knitwear exports went up by 4.81 per cent to $11.25 billion during the period under review.
Tea exports also went up by 165.13 percent to $4.03 million while raw jute exports increased by 25.22 per cent to $154.02 million. Leather products shipments rose 19.08 per cent to $373.31 million while that of leather footwear went up by 14.05 percent to $431.65 million in July-April period of the FY 17.
Home textiles registered a growth of 6.58 per cent to fetch $664.8 million in the first 10 months of the ongoing fiscal year.
Engineering equipment exports also increased by 50.37 per cent to $249.91 million during the period.
Besides, export performance for frozen and live fish, shrimps and crabs showed downward during the period.