Manufactured goods export retain edge over primary commodities in July
Buoyed by the healthy performance of readymade garments (RMG), frozen foods, leather and leather goods, jute and jute-made goods, export of manufactured commodities maintained its edge over primary commodities in July of the current fiscal (2011-12), reports UNB.
Country’s overall export earnings during the one-month period reached US$ 2339.52 million, an increase of 28.70 per cent over the same month of last year and also exceeding the target of US$ 2178.30 million.
Of the July earnings, export of manufactured commodities fetched $ 2246.43 million showing an increase of 28.79 per cent over the same month of last year, according to the latest statistics released by the Export Promotion Bureau (EPB).
Export of primary commodities also rose to $ 93.09 million in July, showing a growth of 26.50 per cent and exceeding the target of $ 91.69 million for the month.
According to the EPB statistics, export of manufactured commodities totaled $ 2246.43 million in July this fiscal, surpassing the strategic target of US$ 2086.61 million. Jute and jute-made goods, knitwear, woven garment, leather, other manufactured products, footwear, home textiles, plastic products and cotton fabrics showed good performance.
However, glassware, ceramic materials, specialized textile and handicrafts showed negative export growth during July this fiscal compared to the same month last year.
The earnings from major export-oriented knitwear sector totaled $ 1007.88 million in July this fiscal showing a 26.20 per cent growth over the same month of last year while woven garment fetched $ 888 million having a 32.28 per cent growth over the corresponding month of last year.
In July this fiscal, export of jute and jute-made goods totaled $ 76.57 million, petroleum byproducts $ 40.85 million, leather $ 29.30 million, other manufactured products $ 5.94 million and engineering products $ 27.40 million.
During the period, export of home textiles totaled US$ 64.33 million, glassware $ 0.02 million, plastic products $ 6.29 million, handicrafts $ 0.31 million, ceramic products $ 3.09 million, footwear $ 38.51 million and cotton fabrics $ 11.53 million.
Of the export of primary commodities in July, frozen shrimp, frozen fish, fruits, vegetables, dry food, flowers and foliage, crabs, and betel nut showed healthy performance except fish fry, tobacco, rice, molasses, turmeric and soybean oil.
Frozen shrimp export in July this fiscal totaled $ 52.36 million showing a 33.33 per cent growth over the same month of last year while frozen fish fetched $ 5.33 million.
Vegetables export for the first month of current fiscal totaled $ 7.84 million, fruits $ 5.18 million, tobacco $ 5.65 million, flowers and foliage $ 5.14 million and dry food $ 2.76 million.
Export of tea totaled 0.15 million this July, followed by betel nut $ 3.86 million and fruit juice $ 1.93 million.