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The Financial Express

July-January export earnings mark growth

| Updated: February 08, 2018 13:39:54


July-January export earnings mark growth

Export earnings of July-January period of the current fiscal year has witnessed a slightly upward trend compared to that of corresponding period of the previous fiscal.

As per Export Promotion Bureau (EPB) data, export earnings grew by 6.55 per cent fetching the country $ 21.32 billion during the period.

The country earned $20.01 billion in the same period of FY of 2016-17.

The data, released on Tuesday, also showed this year’s January earnings grew by 3.54 per cent to $3.40 billion.

The earning of January 2017 was $3.29 billion.

However, the single month’s earnings missed the target by 2.55 per cent.

Earnings from readymade garments (RMG) export during the period stood at $17.65 billion, marking a 7.57 per cent growth over the corresponding period of the FY 2016-17.

Export earnings from the woven grew by 4.74 per cent to $8.74 billion from $8.35 billion in the same period of the last fiscal.

The knitwear export stood at $8.90 billion during the period marking a 10.50 per cent growth over the earnings of $8.06 billion in the same period of the FY17.

Woven and knitwear items earnings exceeded the target by 1.93 per cent and 3.49 per cent respectively.

Export earnings from jute and jute goods in the first seven months of the current fiscal increased by 17.36 per cent to $661.86 million from $563.98 million.

Agricultural products registered a 16.81 per cent growth with earnings of $359.94 million in the same period of the FY18.

Export earnings from home textile during the period grew by 15.66 per cent to $494.09 million.

Leather and leather product exports witnessed a negative growth of 4.61 per cent to $709.51 million compared with that of $743.77 million in the same period of the FY17.

Leather footwear export, however, increased by 6.59 per cent to $357.98 million during the period.

Exports of frozen food and live fish stood at $ 353.99 million marking 7.55 per cent growth during the July-January period of current fiscal year.

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