The country’s total export earnings stood at US$ 24.65 billion in the first 10 months of the current fiscal year 2013-14 with a growth of 13.18 per cent year-on-year due to the rebound of export earnings growth in April. After the disappointing growth of previous three months the export earnings in April stood at US$ 2.41 billion with a 16 per cent growth, showed data released by Export Promotion Bureau on Thursday.
The earning in March of the current fiscal year 2013-14 registered a growth of 4.79 per cent, compared with the same period of the last FY while the export earning growths in February and January were 6.36 per cent and 7.81 per cent respectively.
Experts said that after the slowdown of few months, the export earning growth in April proved that the country was doing the home work needed.
Centre for Policy Dialogue executive director Mustafizur Rahman told New Age that the export earnings growth turned around in April riding on the readymade garments and leather sectors.
The rebound of export earnings growth was the recognition of on-going compliance work which started after the Rana Plaza collapse, he said.
‘If we do our needed homework there is a possibility to increase the export earnings more as the global markets is also rebounding,’ Mustafizur said.
According to the EPB data of July-April of the FY14 woven garments accounted for US$ 10.16 billion in earnings with a 13.91 per cent growth.
The export earnings from knitwear in the July-April period of the FY14 grew by 16.96 per cent to US$ 9.80 billion.
Leather exports grew by 33.90 per cent to US$ 424.05 million from US$ 316.70 million.
Footwear exports rose by 30.24 per cent to US$ 443.54 million and exports of leather products increased by 70.14 per cent to US$ 197.36 million.
The export earnings from jute and jute goods including raw jute, jute yarn and twine, jute sacks and bags and others, however, posted a negative growth of 21.09 per cent to US$ 678.71 million from US$ 860.16 million.
Frozen foods export grew by 23.31 per cent to US$ 534.98 million from US$ 433.86 million.
The agricultural products including tea, vegetables, tobacco, cut flower and foliage, fruits, spices and dry food fetched US$ 486.74 million with a 13.88 per cent growth.
The export earnings from the specialised textiles totalled at US$ 92.74 million with a 10.68 per cent negative growth while home textiles fetched US$ 649.69 million with a 0.22 per cent growth.
The export earnings from engineering products including iron, steel, copper wire, stainless steel ware, engineering equipment, electric products and bicycle totalled at US$ 296.28 million with a 4.09 per cent negative growth.
-With New Age input
