Income increased in clothing exports

In the first 11 months (July-May) of the current fiscal year 2017-18, exports of US $ 2,872 million worth 85 million dollars. This income is 9.77 percent more than the same period last fiscal year. At the end of 10 months, the export of garments was 9.37 percent.

Meanwhile, there is a positive trend on the garment sector to export the country's overall goods. During the first 11 months of the current fiscal year, exports of 3,782.88 million dollars were exported. This income is 6.6 percent more than the same period last year. In the first 11 months of the last fiscal year, exports of goods of 3 thousand 162 million and 28 million dollars are exported. In all, the exports of goods worth $ 3,645 billion were exported in the last fiscal year.

Today the Export Promotion Bureau (EPB) released the export income update statistics on Tuesday. Those statistics show that despite exports growth, export of goods is less than 44 percent less than target. The export target for the first 11 months of the current fiscal year was 3 thousand 372.88 million dollars.

According to EPB, in addition to clothing, jute and jute goods, home textile and agricultural products export growth. However, there was no growth in leather and leather goods, engineering products, frozen food and plastic products exports.

Only exports of goods worth $ 332.24 million in May In May last year, exports were $ 304 million worth of goods. As a result, 9 percent growth in May last year.

The government has set an export target of $ 3,750 billion for the current fiscal year. Of this, 3,170 crore garments, 138 crore leather and leather goods, jute and jute goods have export targets of $ 105 billion.