Export Target VS. Performance of Leather and footwear industry, July-November 2018
Table: Export performance of leather industry July-November FY’2018-19 (in million USD)
|Sl. No||Products||HS Code||Export Target July-Nov. 2017-18||Export Performance July-Nov. 2017-18||Export Performance for July-Nov. 2016-17||% Change 2017-18 Over 2016-17 (July-Nov.)|
In FY’2018-19 (July- November), the overall export target of the leather and footwear industry was 636.19 million USD, which is underachieved by 9.62 million USD with an overall export performance of 626.57 million USD. The major decline happened in the leather category (HS code: 41) with a negative growth rate of -29.81% compared to the same period of last fiscal year (FY’2017-18), which has achieved export earnings of only 80.61 million USD, when the projected export target was 92.54 million USD. Similarly, the leather goods category (HS code: 42-43) had a negative growth rate of -0.77% compared to the same period of last fiscal year (FY’2017-2018), which has achieved export earnings of 184.73 million USD, when the projected target was 208.21 million USD.
However, footwear (leather and non-leather) achieved positive growth, leather footwear (HS Code: 6403) had a positive growth of 8.55% and export earnings was 252.81 million USD, which is 21.47 million surplus than the targeted export earnings. Also, non-leather footwear (excluding HS code: 6403) and footwear accessories achieved a positive growth rate of 6.28% with export earnings of 108.42 million USD, which is 4.32 million surplus compared to the targeted export earnings accordingly.
Data Source: EPB, Bangladesh