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Country’s export earnings exceed target in six months

By Rafiq Hasan
The country's export earnings from some major sectors have exceeded the target dur Ing the .first half of the current fiscal year.
According to the latest figure of the Export Promotion Bureau (EPB), the export earnings from frozen food crossed the target by 66.57 per cent, tea 17.93, raw jute 2.17, jute goods 15.17, knitwear 7.19 and garments 14.63 per cent.
During the first Six months of the 1994-95 fiscal year up to December, the total export earnings stood at 1790.79 million dollars. It is 503.60 million dollars more than the earning during the same period of the last fiscal year.
However, in some sectors, the export earnings have declined during the period compared to the last fiscal year.
Among the losers, ray jute, tea. handicrafts, agri cultural products and other primary goods sectors are the main.
The largest export earnings were In knitwear sector. Its earning rose by 92.80 per cent than the earnings In the same pericki of the previous year. The country earned 160.78 million US dollars from tjils sector during the July-December period of last year. During this, period.-the earning was
83 39 million dollars.
The second largest growth was in frozen food sector where the export earning rose by 60.36 per cent during the period than the earning Of the last year. The figure also crossed the target by 66.57 per cent.
The country earned 199.89 million dollars by exporting 52.36 million pounds of frozen foods against the targeted 120 million dollars. During the same period of 93-94 fiscal year, the earnings from this sector were 124.65 million dollars by exporting 35.33 mil lion pounds of frozen fdods.
This year, the earnings from frozen shrimp alone were 166.28 million dollars against 37.62 million pounds' of shrimps.
The leather sector, which is one of the major foreign currency earner of the country. has experienced 43.57 per cent rise during the period.
,The earnings from this sector stood at 109.63 million dollars up to December of the current fiscal year against 89.86 million square feet of crushed leather, in the same period of the previous year, the earning was 76.36 million dollars. The targeted figure
was 100 million dollars for the period
The readymade garments sector, the largest foreign cur rency earner of the country, has gained 36.57 per cent rise during the period. The export earning from this sector stood at 945.72 million dollars against the targeted 825 mil Jion dollars for the period 'This sector now bears 52.81 per cent share of the total export earnings of the country During the same period In the previous year, the figure was 692.48 million dollars
The target was fixed at 157.50 million dollars from jute goods sector for the first six months of the current fiscal year while the actual amount stood at 181.40 million dollars. 15.17 per cent more than the target.
Although, the export earn ing from the tea sector crossed the target but — it declined 28.09 per cent than the previous year. The country fetched 17.69 million dollars by exporting 14.38 million kilogram of tea during the period;
The export target for the period was fixed at 15 million dollars. The main cause for the fall was attributed to the inter-'national price, which declined
.to 1.23 dollar per kilogram from 1 41 dollars last year
The export earning has declined most 9.99 per cent in raw jute sector. During the period. the country earned 30.65 million dollars against 522.86 thousand bales of raw jutes. In the previous year, the earning during the same period was 34.05 million dollars. The amount was 640.03 thousand bales
The US is still.the largest consumer country of our commodities. During the period. Bangladesh has exported various kinds of goods worth 595 48 million dollars to US which is 33.25 per cent of our total export earning.
The major commodities which have been exported to US are: frozeiS foods 64 28 million dollars, knitwear 39. 42 million dollars. Jute yearn 5.96- million dollars and readyfoade garments 442.28 million dollars.
During the period, 38.66 per cent of frozen food. 24.52 per cent of knitwear, and 46.77 per cent of readymade garments were exported to US. Other major countries where our goods are exported are: The Netherlands. Iran, Japan. Singapore. India. China, and Pakistan.