Bangladesh's export earnings during July-February period of current fiscal year saw a slump due to a downward trend in shipment of readymade garment (RMG) products. According to the Export Promotion Bureau (EPB) data, the country's overall export stood at $19.82 billion during the first eight months of the fiscal year, registering a 13.96 per cent growth over the corresponding period of the previous fiscal.

However, overall export growth was 18.02 per cent in July-November, 16.56 per cent in July-December, 15.08 in July-January of the current fiscal. The total earnings during the July-February period exceeded the target by 2.17 per cent, according to the EPB data. The single month earning in February 14 also maintained a slow growth rate of 6.36 per cent. Earnings growth drastically fell in January 14 to 7.81 per cent from 16.56 per cent in December. The single month earning in February 2014 stood at 2.38 billion dollars, marking a 6.36 per cent growth. However, the earning fell short of the target by 3.76 per cent.

Earning from knit products stood at 7.91 billion dollars during the July-February period of the FY 14, marking a growth of 17.50 per cent and surpassing the target by 7.39 per cent, according to EPB data. Woven products fetched 8.22 billion dollars, showing a growth of 15.92 per cent. The earning also crossed the target by 2.86per cent. During the July-January period, export of knit and woven products grew by 18.13 per cent and 17.32 per cent respectively.

The EBP data also showed that export of jute and jute goods witnessed a negative growth of 20.71 per cent during the July-February period of 2013-14. Earning from leather and leather goods, frozen food, pharmaceuticals and footwear grew by 44.33 per cent, 49.87 per cent, 24.21 per cent, 23.57 per cent, and 31.86 per cent respectively during the period.

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