Press Release Summary = During July-February period of the 2005-06 fiscal year, exports fetched $ 6624.21 million, which was $ 5618.12 million...
Press Release Body = The country\'s overall exports grew by US$ 1006.09 million, or 17.91 percent, in the first eight months of the current financial year, thanks to continuous good performance by knitwear products. During July-February period of the 2005-06 fiscal year, exports fetched $ 6624.21 million, which was $ 5618.12 million during the same period of the last financial year, according to Export Promotion Bureau (EPB) statistics. Knitwear products continued to maintain robust position, posting 30.18 percent growth. Knitwear items during the period earned $ 2368.91 million against $ 1819.67 million during the same period of the last fiscal year. Export of woven garments had also been able to manage a minimum growth during July-February period of FY06, fetching $ 2615.48, up only 8.35 percent over the corresponding period of the last fiscal year. According to Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), knitwear exports saw a regular rise in some major markets after quota phase-out from January this year. The exporters hoped the trend will continue in the coming months as it has a strong backward linkage support. Besides, the BKMEA has embarked on an aggressive campaign in some major markets including the US to increase income from this sector. Knitwear apart, export earning from leather, raw jute, frozen food, petroleum by products, textile fabrics, bi-cycle and computer services recorded growth during July-February period of the current fiscal year. Export of jute goods, foot wear, electronics, chemical products, ceramic tableware and leather bags and purses was more than last year\'s, but failed to achieve the target. Earnings from agro-processing food, vegetables and melamine tableware recorded negative growth during the July-February period while earnings from home textile, tea and handicrafts declined during the same period. Frozen food exports amounted to $ 298.26 million during July-February period of FY06, up 0.23 percent. Jute goods export fetched $ 239.70 million in the first eight months of the current fiscal, recording a 20.83 percent growth. Leather products export earning fetched $ 157.87 million during the eight months period, marking 15.01 percent growth over the same period of the last fiscal. Chemical products worth $ 123.47 million were exported during July-February period of this fiscal year, marking a 16.14 percent rise.
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