Home Business Export earning exceeds target to $16b in July-Dec

Export earning exceeds target to $16b in July-Dec

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Exports from the country rose by 7.84 per cent to $16.08 billion in the first half of the current fiscal year (FY) 2015-16 as readymade garments, jute and jute goods, leather products and agricultural items maintained their growth. The export target for the first half of the current fiscal was $15.86 billion. The export earnings in the first six month of the last FY 2014-15 was $14.914 billion. The total export earnings during the last FY was $31.21 billion, according to data at the Export Promotion Bureau (EPB). According to the EPB data during the period (July-December 2015) knitwear exports fetched $6.43 billion, up 6.11 per cent from the same period of the last FYl, while woven garment earning grew 12.42 per cent to $6.70 billion. During the period under review export earnings from home textiles earned $348.43 million, leather footwear $252.04 million, primary commodities $552.64 million; frozen foods, including frozen fish, shrimps and others $285.76 million; and agricultural products $266.88 million. The country earned $3.20 billion by exporting a range of products in December and it was the highest export revenue in the first six months of the 2015-16 fiscal. In December, the export earnings were 12.66 per cent higher than the earning of December, 2014.