Leather product export growth

Published:  22 November, 2013

Export of non-textile products grew marginally by 2.29% in the first four months (July-October) of this fiscal year from a year ago, suggested data compiled by the commerce ministry on November 21.

In absolute terms, the export of non-textile products reached $3.9 billion in July-October 2013 compared with $3.8bn in the corresponding period of last year.

The increase was mainly driven by surge in export of petroleum products, sports goods, leather products and molasses.

The data showed a massive year-on-year growth in export of petroleum products to $532.2 million from $306 million. Petroleum products and naphtha led the growth in the petroleum sector export.

The export of sports goods grew by 4.5% year on year during the months under review. Foreign sales of footballs jumped by 13.7% and gloves by 15.1%. The rise in footballs export is an encouraging sign because it has been in decline for the last few years.

The export of tanned leather witnessed a growth of 15.2%.

Leather products export also increased by 6.7%, while the export of leather garments rose by 11.2% during the four-month period.

Export of footwear swelled by 17.2%, mainly driven by 28.0% growth in export of leather footwear.

Source: Daily Dawn

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