http://nation.ittefaq.com/issues/2009/03/29/news0283.htm
Export growth up by 27pc in five months
BSS, Dhaka
The country’s export during the past five months from July to November of the current fiscal grew by 26.80 per cent compared to the corresponding period of previous fiscal 2007-08.
It earned a total of US$ 6551.45 million during the period compared to its target of US$ 6372.69 million. The country’s total export target for the fiscal 2008-09 has been earmarked at US$ 16298.43 million.
During the five months, real export earnings stood above the target by 2.81 per cent or by US$ 180 million, the Export Promotion Bureau (EPB) said on Saturday in a press release.
Month wise, export earnings for November, the time up to which trade figures are available, stood at US$ 1297.47 million compared to US$ 1144.47 million of the same month under the previous fiscal.
The statistics showed both month-wise and also during the past five months of the current fiscal, export kept on growing despite the spread of the global economic recession hitting the export markets.
The EPB said during the five months under review, the price index of the exportables grew by 4.84 per cent while export in volume grew by 21.96 per cent. Another estimate showed price index of exports of primary products increased by 24.70 percent during this period.
Price index of the industrial products grew by 3.20 per cent at this time compared to its growth in volume by 25.54 per cent.
Trade figures showed the country’s export targets were achieved during this period for oven garments, terry towels, knitwear, frozen food, textile fabrics, shoes, home textile, chemical products agricultural products, tea and other industrial products.
In some cases their exports even surpassed the targets, the EPB said pointing to export success in ceramics, petroleum products and many others items.
But some other products have failed to achieve targets and even witnessed decline in exports. Products listed in this category include raw jute and jute goods, electronics products, handicrafts, leather and some engineering products.
Destination wise, the United States remained the single largest export destination for the period under review totalling US$ 1721.96 million or 26.28 per cent of the total export. The export items included over wears, knitwear, frozen shrimps, home textiles and some other products.
Germany, Britain Italy, Belgium, the Netherlands, Canada, Australia, Iran, Japan and Singapore, India, China and Pakistan are the country’s some other major export destinations, the EPB said.
EPB said export to Germany was 14.37 percent or US$ 941.46 million in term of money constituting the second largest market of the country’s exports.
Britain constitutes the third largest market which took merchandise worth US$ 650.10 million during the five months under review, trade figures said.
