Export earnings record growth in July

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The country’s export earnings witnessed a 0.59 per cent growth in July this year compared to July 2019 despite the impact of novel coronavirus disease (COVID-19) situation.

According to a statement issued by the commerce ministry based on the data of Export Promotion Bureau (EPB), the single month export earnings in July totalled $3,910.92 million compared to 3,887.86 million fetched in July last year.

The EPB data showed that out of the total export earnings of $3,910.92 million, the export earnings from primary commodities totalled $143.58 million and $3,767.34 million from manufactured products that include $89.94 million from leather and leather products, $103.51 million from Jute and Jute goods, $9.48 million from specialised textiles, $3,244.94 million from RMG, including $1,750.28 million from knitwear and $1,494.66 million from woven garments.

The government has set an export earning target of $41 billion from goods in the current fiscal year (FY21). The export earnings in the last fiscal year (FY20) totalled $33.67 billion.