Twenty-two missions out of Bangladesh’s 57 worldwide have failed to achieve their respective export target in the first two months (July-August) period of the current fiscal year (FY18).
Key Bangladesh missions in Berlin, Brussels, Canberra, Ottawa, Tokyo, Tehran, London, Madrid, Washington, Jakarta, The Hague, Muscat, Copenhagen, Rome, Seoul, Stockholm, have achieved their July-August export targets.
However, other important missions in Yangon, Singapore, New Delhi, Kualalampur, Paris, Moscow, Manila, Lisbon, Vienna, Thimphu, Rabat, Katmandu, Islamabad, Riyadh, Colombo, Beijing, Dubai and Geneva have failed to reach the two-month export target.
The overall export earnings for the July-August month period of FY18 amounted to $ 6,628.60 million against the strategic target of $6,140 million, which presented a healthy growth of 13.84 percent over the strategic target.
Of the 57 Bangladesh missions, total 35 missions met their respective export targets set for the July-August period of the current fiscal year, according to the latest statistics provided by the Export Promotion Bureau (EPB).
However, 15 of the 22 missions that could not achieve their targets for July-August had a higher export standing compared to the previous fiscal. These are in Yangon, Singapore, New Delhi, Kualalampur, Paris, Moscow, Manila, Lisbon, Vienna, Thimphu, Rabat, Katmandu, Islamabad, Riyadh and Colombo.
The export growth of the remaining 7 Missions in Beijing, Dubai, Geneva, Hanoi, Darussalam, Bangkok and Ankara are lower than that of the corresponding period of the previous Year.
The EPB figures revealed that out of the 18 Bangladesh missions having commercial wings, only nine have achieved their export targets while 9 others could not achieve their respective targets.
The nine missions with commercial wings, which achieved their respective export target, are Berlin, Brussels, Canberra, Ottawa, Tokyo, Tehran, London, Madrid and Washington.
The highest earnings over the July-August month period amounting to around $1,168.89 million, almost one fifth of the total exports were registered by the Berlin mission, which is followed by around $1,109.77 by the Washington mission and $818.43 million from the London mission.
The strong showing from EU member states continued with the Madrid mission fetching $477.20 million during the July-August month period of this fiscal year. The next was the Bangladesh mission in Italy, which earned almost $275.06 million, followed by missions in Ottawa and The Hague, with approximately $230.83 million and $253.64 million respectively. The New Delhi mission managed to fetch only $107.74 million.