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Exports miss 5-month target

Price dips 9.63pc, volume goes up 16.43pc

STAR BUSINESS REPORT
The country's exports fetched US$2627.15 million during July-November period of the current financial year, which is 6.59 per cent or $185.35 million less than the target but up by 6.8 per cent or $167. 29 million from the corresponding period of last fiscal's earning.
Price index in the first five months of FY03 dipped by 9.63 per cent although export volume went up by 16.43 per cent, according to Export Promotion Bureau (EPB).
"As export volume has been going up but prices have been down for the last several months, the exporters have to improve their capacity to produce value added products and diversify the markets,"
said an EPB official.
Exports fetched $439.58 million during July-November period of the current fiscal while the earning was $454.77 million in the same month of previous fiscal.
Some major sectors including knitwear, frozen food, chemical products, jute goods and raw jute crossed their respective targets but readymade garment (RMG), leather, tea and handicrafts could not achieve their goals during the period.
RMG exports fetched $1226.87 million, down by 14.28 per cent from $1431.25 million target and also 4.70 per cent lower than last fiscal's same time.
Knitwear worth $703.97 million was exported till November, cross-
ing the target by 4.29 per cent and recording an 18.32 per cent growth than last fiscal's same period.
In the first five months of FY03, frozen foods worth $162.87 million were exported, up by 18.45 per cent from the target and also marked a 19.01 per cent rise from last fiscal's corresponding period.
Leather export fetched $75.32 million, down by 24.68 per cent from the target and also posted 12.84 per cent negative growth from last fiscal's corresponding period.
Jute goods worth $125.70 million were exported against $112.50 million target. The earning is 11.63 per cent higher than the target and also recorded a massive 41.08 growth from the earning of last fiscal's corresponding period.
During the July-November period, chemical products worth $39.81 million were exported against the $33.33 million target.
Raw jute worth $30.38 million was exported against the target of $27.08 million, up by 12.19 per cent from the goal, showing a massive 50.10 per cent growth from last fiscal's same time.
Tea export amounted to $7.07 million during July-November period of FY03 against the $8.33 million earning target. This is a 15.13 per cent fall from the goal.
Handicrafts worth only $2.53 million were exported during the period against the $3.12 million target. This shows an 18.91 per cent decline from the target.