Overall exports drop in July-Nov

The overall exports of merchandises from Bangladesh declined 6.96 percent in the July-November period of the current fiscal year compared with the same period of the previous year, according to the provisional data of Export Promotion Bureau (EPB).
Only in the month of November such export declined 7.7 percent to $1,200 million from $1,300 million in the same time a year earlier, said a commerce ministry official.
In the first five months of this fiscal year, exports reached $6,090 million, the ministry official said, adding that the EPB may release the latest export data formally in a day or two.
"The provisional data showed a significant decline in exports of readymade garment, Bangladesh's main exportable product, for consecutive few months," he said, requesting anonymity.
The overall exported target was fixed at $17.60 billion for fiscal year 2009-10 against the actual export performance at $15.57 billion in FY 2008-09.
The government targeted to export woven garment products worth $6.69 billion and knitwear worth $7.30 billion for the current fiscal year. The export of woven and knitwear items contributes more than 80 percent in the total export volume of Bangladesh.
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