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Wednesday, July 6, 2022

Export earning notches 0.59% growth in July

Photo: Bigstock

The country’s export earnings witnessed a 0.59 percent growth in July this year compared to July 2019 despite the impacts of the novel coronavirus (COVID-19) pandemic.

According to a statement issued by the Ministry of Commerce based on the data of Export Promotion Bureau (EPB), the single month export earnings in July totaled $3,910.92 million compared to 3,887.86 million fetched in July last year.

The EPB data showed that out of the total export earnings of $3,910.92 million in July, the export earnings from primary commodities totaled $143.58 million followed by $101.06 million from agricultural products, $3,767.34 million from manufactured products, $89.94 million from leather and leather products, $103.51 million from Jute and Jute goods, $9.48 million from specialized textiles, $3,244.94 million from RMG, including $1,750.28 million from knitwear and $1,494.66 million from woven garments.

The government has set an export earning target of $41 billion from goods in the current fiscal year (FY21). The export earnings in the last fiscal year (FY20) totaled $33.67 billion.

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