The country's annual export earning for the first time crossed the $20 billion mark in 11 months of the current fiscal year, and the export earning in May stood at $2,295.10 million, which is 47.69 per cent higher compared to that of May last year.
Total export earning in the July-May period of the current fiscal year stood at $20,538.34 million, growing by 41.61 per cent compared to the same period of the last fiscal year when $14,503 was earned, according to the Export Promotion Bureau's data released on Thursday.
The export proceeds of this fiscal year's 11 months exceeded the target of $18,500 million because of healthy growth in the export of readymade garments, jute and jute goods and frozen foods.
The total export was worth $16,204.65 million in the last fiscal year and $15,535.94 million in FY2008-2009.
In May this year, export grew by 47.69 per cent compared to the corresponding month last year.
In 11 months of the current fiscal year, knitwear export earned $8,444.65 million, growing by 46.76 per cent over the same period of the last fiscal year, and woven garments fetched $7,514.70 million, growing by 39.44 per cent, according to EPB's data.
Export of home textiles registered a whopping 97.97 per cent growth, totalling $716.36 million in 11 months.
Export of jute and jute goods totalled $1,030.57 million, registering a 42.04 per cent rise. Raw jute export fetched $331.61 million, jute yarn and twine $463.58 million, jute sacks and bags $188.86 million and other items $46.52 million.
Footwear export earned $264.77 million, primary commodities $864.68 million, frozen foods including frozen fish, shrimps and others, $565.10 million, and agricultural products $299.58 million.
Leather export fetched $270.62 million, leather products $51.99 million, cotton and cotton products $123.47 million, plastic products $62.73 million and rubber exports $19.78 million, registering a growth of 122.50 per cent.
The country also earned over $34.27 million from ceramic export, and export of clocks, watches and spare parts fetched over $26.01 million.
Engineering products, including iron and steel, bicycles and electronic products, fetched $281.99 million.
Export of ships, boats and floating structures earned $40.44 million, handicrafts $3.86 million, paper and paper products $23.88 million, furniture $19.16 million, pharmaceuticals $39.72 million, while ores, slag and ash brought in $25.71 million.
Export of tea totalled only $2.85 million, far short of the target of $5.38 million, because of increased domestic consumption.
source:NewAge
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