Export earnings post 7.84pc growth in H1

The country’s export earnings in the first half of the current financial year 2015-16 grew by 7.84 per cent to $16.08 billion from $14.91 billion from the same period of the FY15, shows provisional data of the Export Promotion Bureau.
According to the data, which are likely to be released today, the earnings from readymade garment export in the July-December period of the FY16 increased by 9.24 per cent to $13.13 billion from $12.02 billion in the same period of the FY15.
The earnings from knitwear in the first half of the current financial year grew by 6.11 per cent to $6.43 billion from $6.06 billion in the same period of the last financial year.
The earnings from woven garments increased by 12.42 per cent to $6.70 billion in the first six months of the FY16 from $5.96
billion in the same period of the FY15.
EPB officials said that the export earnings growth in the first half of the current financial year was satisfactory.
They hoped that the positive growth was likely to continue in the coming months and the country would be able to achieve the export earnings target set by the government.
Exporters termed the growth as a positive sign for the country but demanded more initiatives from the government for a sustainable export earnings growth with a view to achieving the fiscal target as well as the goal of $50 billion export by 2021.
The overall export earnings growth is being increased riding on the performance of the readymade garment sector but the country is still behind the targeted growth, Shahidullah Azim, former vice-president of the Bangladesh Garment Manufacturers and Exporters Association, told New Age on Monday.
He said that the export earnings increased in last two months due to increased shipment of RMG items ahead of Christmas, the major shopping season in the west.

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