Export earnings of the country stood at $ 2,339.52 million in July 2011 increasing by 28.70 per cent over the earnings in July 2010.
Export Promotion Bureau on Monday released the latest figures of export that showed the earning was 7.40 per cent higher than the target of $ 2178.30 million set for July.
But the export growth in July declined by 1.95 per cent compared to June 2011 when export earnings amounted worth $ 2,386.04 million showing a speedy growth of 40.25 per cent.
The export earning had been growing for the last three months before July. The earning was $ 2,036.17 million in April, $ 2,295.10 million in May and $ 2,386.04 million in June 2011.
Center for Policy Dialogue executive director Dr. Mustafizur Rahman said that the growth of export earnings has been very well with 28.70 per cent growth in July this year over 26.49 per cent growth in the same month in 2010.
The RMG sector also continued a robust growth as the price of yarn and cotton decreased on the global market recently, said Mustafizur Rahaman.
The CPD executive director said that depending on the quantity of orders from the buyers, this outstanding growth would prevail in the future if the country could ensure an investment-friendly environment.
But Exporters Association of Bangladesh (EAB) president Abdus Salam Murshedy said that the export earnings in the next few months would decline gradually because of the global economic crisis.
He said that the major export-oriented knitwear and woven garment sectors were not getting any firm commitment on order from the buyers till next February.
The former BGMEA president hailed the government decision to form a taskforce to tackle the emerging risks.
The country has earned a total of $ 1,512.35 million in July, a decrease by $ 515.16 million from the earning in June, from the apparel sector. The earnings consisted of $ 798.66 million from knitwear export, $ 671.28 million from woven garments export and $ 42.41 million from home textile export.
Although the earnings from home textile exports decreased by 23.68 per cent, the earnings from knitwear and woven garments increased by 13.53 per cent and 13 per cent respectively over the export target fixed for July.
Earning from the jute sector decreased by 30.54 per cent over the target from $ 110.23 million to $ 76.57 million, but increased by 54.66 per cent over the performance of July in last year of which raw jute fetched $ 19.77 million, jute yarn and twine $ 36.48 million and jute sacks and bags $ 17.03 million.
Frozen food exports earned $ 58.69 million, shrimps alone earned $ 52.36 million, decreasing 1.72 per cent over the target, but increased 30.63 per cent over the same period in last year.
Export earning of leather increased by 8.80 per cent over the target and 22.03 per cent over the performance in July last year amounting to $ 29.30 million.
-With New Age input
