Monday, December 7, 2015, Agrahayan 23, 1422 BS, Safar 24, 1437 Hijri

RMG earns $10.46 billion in first 5 months of FY16
Exports rise by 13.73pc in November
Published :Monday, 7 December, 2015,  Time : 12:00 AM  View Count : 21
Business Correspondent
Exports from the country have risen by 13.73 per cent to $2.75 billion in November from the same month in 2014 as readymade garment continued to attract increased number of overseas orders, according to the Export Promotion Bureau (EPB).
Exports from July to November, the first five months of the fiscal year 2015-16, rose 6.7 per cent to $12.88 billion from the same period in the last year.
Sales of garments, comprising knitwear and woven items, constituted the largest amount of $10.46 billion in July-to-November against $9.69 billion during the same period a year earlier.
RMG is a key foreign-exchange earner for Bangladesh, the world's second largest apparel exporter after China.
According to the EPB during the five-month period, export of home textiles totaled $ 276.73 million with a fall of 7.33 percent; leather footwear exports fetched $ 202.07 million, primary commodities $ 445.22 million; frozen foods, including frozen fish, shrimps and others $ 229.45 million; and agricultural products $ 215.77 million.
The export of engineering equipment registered a whopping 441.58 percent growth during the period fetching $ 120.61 million, followed by export of petroleum byproducts with 414.23 percent growth ($ 125.73 million).
Of the other major performing commodities, fruit exports totaled $ 15.48 million with a negative 41.58 growth of percent; cement, salt and stone $ 0.93 million; while tea export accounted for $ 0.80 million with a negative growth of 46.67 percent.
The export trend for leather products except leather and plastic products maintained their upward trend during the July-November period of the current fiscal.
Leather exports totaled $ 109.85 million, while leather products $ 145.71 million with an eye-catching growth of 65.92 percent; cotton and cotton products together earned $ 40.58 million; plastic products $ 37.15 million; and rubber $ 8.99 million.
The export of jute and jute goods maintained their positive trend during the July-November period of the current fiscal fetching $ 358.60 million, registering 2.86 percent growth. Raw jute exports fetched $ 73.61 million with 70.35 percent rise; while jute yarn and twine accounted for $ 206.18 million and other items some $ 28.49 million.
Jute sacks and bags showed a fall of 26.48 percent during the period as exports totalled $ 50.32 million.
Export of engineering products, including iron and steel, bicycle and electronic products earned almost $ 234.34 million.
The export of manmade filaments and staple fibres totaled $ 43.48 million while the export of ships, boats and floating structures fetched $ 0.85 million with a whopping fall of 75.15 percent.
The export of handicrafts totaled $ 3.62 million; paper and paper products $ 16.94 million; furniture $ 12.18 million; chemical products $ 49.40 million, including pharmaceuticals $ 34.53 million, while ores, slag and ash brought $ 2.94 million.
Specialised textiles, including terry towel, showed a positive growth of 12.88 percent, earning $ 43.29 million during the July-November period of the current fiscal while export of computer services totalled $ 49.48 million.

Editor : Iqbal Sobhan Chowdhury
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