Monday, June 11, 2012

Exports fall short of target,Bangladesh


BANGLADESH NEWS

Bangladesh's exports fell for the third straight month in May.

It dipped 4.17 percent from $2.29 billion in May last year to $2.2 billion in the same month this year, according to the Export Promotion Bureau (EPB) figures published on Sunday.

Country's exports fell 11.99 percent short of the $2.5-billion target set for May.

It was 7.13 percent and 7.23 percent below the targets for April and March, respectively.

Although the exports in the outgoing fiscal saw an increase of 7 percent to $21.98 billion until June, it fell 7.52 percent short of the $23.76-billion target.

The government had set a target of $26.5-billion export earning in the outgoing financial year.

Bangladesh had exported goods worth $20.54 billion in 2010-11.  

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