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Export earnings post 8pc growth in 11 months

Star Business Report
The country's export earnings recorded an around eight per cent growth during the first 1 1 months of last fiscal year, fetching USS 5136.71 million against a target of S 5259.83 million.
The earning however is 2.34 per cent short of the July-May target of last fiscal year. May proved to be a better month for the country with goods worth S542.14 million exported which was around $64 million higher than the average monthly target of $478.17 million, according to the Export Promotion Bureau (EPB).
"Although the export earning is 7.87 per cent higher than the corresponding period of the previous fiscal year, it may still remain marginally lower than the target at the end of the year." said an EPB official.
Tljc export volume Increased by 7 $4 per cent Uuring the first 11 months of FY 2000 while the price index rose by 0.33 per cent, he stated.
Although the export volume of primary products shot up by 11.87 per cent, the price index for this very segment fell by 5.67 per cent. However, both the export volume and price index of the industrial products recorded positive growths of 7.15 per cent and 0.87 per cent
respectively.
Export of knitwear, frozen foods, leather and raw jute surpassed their targets marginally, while some other major items including readymade garments (RMG). jute goods, tea. handicrafts and cnemlcal products faltered in reaching their re-spectlve targets.
RMG exports fetched $2758.67 million, which is 2.92 per cent short of the $2841.67 million target. This is however 3.97 per cent higher than the corresponding period of 1998-99 fiscal.
Knitwear worth $1131.06 million, up by 2.82 per cent from the target, were exported. This was also 20.87 per cent increase from that of previous fiscal year.
Frozen foods did pretty well In fetching the country $290.64 ' million^ which- surpassed the? target by 7.12 per cent ajtd up by 18.18 per cent from previous fiscal's corresponding period.
Jute goods worth USS 246.18 million were exported against the $284.17 million target. This Is 13.37 per cent less than the target and down by 10.61 per cent from 1998-99 fiscal's corresponding period.
Leather worth SI72.89 million was exported during the
period, which is 4.78 per cent up from the target and 14.13 per cent higher than 1998-99 fiscal's same period.
Raw Jute valued at $66.55 million was exported during the period against the target of $66 million. This is 0.83 cent up from the target and eight per cent higher than the previous fiscal's corresponding period.
Tea export from the country during the July-May period nosedived with 12.04 million kg worth $17.08 million exported against the target of $36.67 million. This is a huge 53.42 per cent fall from the target and 55.1 1 per cent less than previous year s same period.
The price of tea in the international market dipped by 16.96 per cent during the period while Bangladesh's export volume declined by 45.89 per cent.
Export earnings .from.handicrafts amounted to $4 77 million against Ilie $9.17 million target. This also shows a big 47.98 per cent decline from the target and 17.33 per cent slump from the corresponding period of FY '99.
During the period under review. chemical products worth S83.42 million were exported against the target of $88 million. showing a 5.20 per cent from the target.