Export earnings post 9.56pc growth during July-February

The country's export earnings of goods during the July-February period of the current fiscal year (FY23) maintained its healthy trend witnessing a growth of 9.56 per cent compared to the same period of the last fiscal year (FY22).

According to the latest statistics of the Export Promotion Bureau (EPB), the country's export earnings reached $37,077.68 million during this eight-month period against $33,843.45 million fetched during the same period of the last fiscal year.

However, the eight-month export target is 0.45 percent lower than the strategic export target of $37,244 million.

The EPB statistics also showed that the single-month export earnings also maintained their positive trend bagging $4,630.18 million in February against the export earnings of $4,294.53 million registered in February last year.

The single-month export earnings are also 3.68 percent lower than the strategic export target of $4,807 million.

Out of the overall export earnings during this July-February period, RMG still continued to dominate the earnings of greenbacks with $31,361.89 million with a healthy growth of 14.06 percent. Out of that, knitwear accounts for the bulk of the earnings with $17,060.33 million having a growth of 13.21 percent while export of woven garments earned $14,301.56 million with a growth of 15.08 percent.

Besides, the other best-performing sectors during this July-February period are home textiles with $769.86 million, primary commodities with $942.13 million, agricultural products with $623.18 million, chemical products with $202.13 million, plastic products with $138.35 million, leather and leather products with $832.38 million, handicrafts $18.99 million, jute and jute goods with $610.08 million, specialized textiles with $178.35 million, engineering products with $349.32 million and other manufactured products with $264.62 million.