Exports up 36% to $1.156-bn during August

17 Oct '06

3 min read

Country's export earnings grew by more than 36 per cent to $1.156 billion in August compared with the same month of the previous year while the first two months' earning of the current fiscal stood at $2.3 billion with 2 per cent surplus of the target set for the period, says Export Promotion Bureau.

The average growth for the two months is 31 per cent.

The bureau statistics released on Sunday showed that readymade garments accounted for more than 78 per cent in July-August total with woven garments recording a 30 per cent rise to $914 million, highest since the end of the quota system in January 2005.

Knitwear maintained robust growth with a 36 per cent rise, fetching $900 million, bureau data showed.

'Growth at 36.29 per cent in August was the highest in a decade for any single month,' a senior official in the bureau's statistics and research cell said .

'Usually the July-September is peak season for garment exporters but embargoes on certain categories of Chinese garment in US and EU markets, have been illustrating the fortune of Bangladeshi exporters,' he added.

Products missing targets of the period and dropping with earning are: tea 62 per cent to $1.15 million, and electronics 14 per cent to $0.44 million.

Besides garments, products that overshot their targets and marked growth between July and August are frozen food, the second largest export earner after RMG, bagging $97 million, home textile $45 million,ceramic products $6 million, engineering products $40 million, and cut flowers and agro-processed foods each about $5 million.

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