The country witnessed 3.92 per cent growth in export earnings during the period of July-April of 2016-17 fiscal compared to the same period of the 2015-16 fiscal, reports BSS. According to Export Promotion Bureau (EPB), the country earned US 28,721.71 million dollars during the period of 2016-17 fiscal against the target of US$ 37,000 million.
The export earnings during the July-April (2015-16) were US$27,637.22 million. However, the country earned US$2775.69 million (3.82 percent) during the month of April as the export target for the month was US$2886 million. Export preference for knitwear, jute, tea and leather products helped the country to maintain the positive export growth during the July to April period. Knitwear exports went up by 4.81 per cent to $11254.17 million in July-April.
Tea exports also went up by 165.13 per cent to $4.03 million while raw jute exports increased by 25.22 per cent to $154.02 million. Leather products shipments rose 19.08 per cent to $373.31 million while that of leather footwear went up by 14.05 per cent to $431.65 million in July-April period.