US remains the top buyer for Bangladesh

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Friday, 17 December 2010

Author / Source : Mashiur Rahaman

Dhaka, Dec 16: Export from Bangladesh to key North-American and European destinations maintained its healthy growth in the first four months (July-October) of the current fiscal (2010-11) compared to the corresponding period of fiscal 2009. Export earnings from USA, the largest market for Bangladeshi goods, notched a robust growth in the first four months (July-October) of the current fiscal totaling US$ 1626.05 million.
According to data compiled by the state-run Export Promotion Bureau (EPB), USA accounts total 24.19 per cent of the country’s total export during the period. Its export grew by 41.47 per cent against the export of US$ 1149.43 million, recorded during the corresponding period of FY 2009-10.
In July-October 2010, exports to Germany totaled US$ 974.53 million, which was 14.50 per cent of the total export earnings. The European state maintained its position as the second largest export destination for Bangladeshi products, largely driven by the soaring demand of knitwear garments.
According to export data compiled by EPB, Bangladeshi exporters supplied knitwear garments worth US$ 614.86 million, woven garments worth US$ 286.33 million and frozen foods worth US$ 16.82 million. Readymade garments export to Germany during the July-October period of FY 2010-11 against the corresponding period of its previous fiscal year was 38.68 per cent up at US$649.84 million, according to EPB data.
United Kingdom (UK) is the third largest importing country for Bangladeshi goods, exported total US$ 614.66 million during July-October FY 2010-11 period, which was 9.14 per cent of the total export earnings.
The export of RMG items accounted for US$ 506.14 million, compared to US$ 411.40 million in July-October 2009 showing an 23.03 per cent growth. Other significant export to the UK was Home Textiles US$23.56 million, Frozen Foods US$ 20.77 million and bicycle US$ 27.48 million.
Exports to France during the four months increased to US$ 413.90 million which accounted for 6.16 per cent of the total export earnings. RMG export to France rose to US$ 375.17 million in July-October of the current fiscal from US$ 282.08 million during the period in fiscal 2009-10, showing a 33.0 per cent growth.
Exports to Italy totaled US$ 223.89 million in July-October 2010 with knitwear accounting for US$ 132.81 million, woven garment US$ 63.18 million and leather US$  8.02 million. Exports to Belgium amounted to US$ 173.43 million that included knitwear US$ 66.03 million, woven garment US$ 42.53 million, frozen shrimps US$ 83.17 million, and jute yarn and twine US$ 8.13 million.
Exports to Netherlands amounted to US$ 413.98 million that included knitwear US$ 234.17 million, woven garment US$ 413.98 million and frozen shrimps US$ 23.99 million.
Among the Middle East, Far East and South Asian countries, exports to Iran totaled US$ 30.83 million, Japan US$ 118.20 million, Singapore US$ 41.15 million and China US$ 79.76 million.
Among the South Asian countries, exports to India amounted to US$ 139.34 million that included jute and jute made goods US$ 42.38 million and woven garment 8.32 million while exports to Pakistan totaled US$ 24.27 million including jute and jute made goods US$ 20.97 million.