4:32 pm - Saturday September 25, 2421

Most missions fail to achieve export target      

Fifty percent, a total of 26 missions out of 52 abroad have failed to achieve export earning target for the just-ended fiscal 2013-2014, and the proceeds from external trade experienced a shortfall of the target by 13.17 percent.

The rest 26 missions achieved export earning target, surpassing by 11.41 percent.

Meanwhile, 12 commercial wings of the government out of 17, could not achieve the target for the year, according to the Export Promotion Bureau (EPB).

export-importThe earnings fetched by the successful missions were 24.61 percent higher comparing to that of the previous fiscal.

The missions that enjoyed target marking 24.61 percent growth over that of the previous fiscal include Berlin, Madrid, Rome, The Hague, Brussels, Ankara, Beijing, Seoul, Cairo, Lisbon, Hanoi, Amman, Kuwait, Colombo, Doha, Muscat, Yangon and Manama.

The said 26 missions were given a target of fetching $12468.39 million for the fiscal 2013-2014 while it bagged $13890.67 million. According to EPB, the missions had bought foreign exchanges of $11147.4 in the fiscal 2012-2013.

On the other hand, major missions that could not reach the export earning target in last fiscal year include, Washington, London, Paris, Ottawa, Tokyo, New Delhi, Hong Kong, Dubai, Moscow, Brasilia, Kuala Lumpur, Geneva, Bangkok, Tehran, and Islamabad.

They were given a target of earning $17910.80 million in the fiscal 2013-2014 while they brought $15552.29 million, making a 13.27 percent shortfall of the target.

The 12 commercial wings are Washington, London, Paris, Ottowa, Tokyo, New Delhi, Canberra, Dubai, Moscow, Kuala Lumpur, Geneva and Tehran.

In the fiscal 2013-2014, 12 wings were given a target of bringing $16298.44 million by exporting goods while it fetched $14305.75 million, making a 12.23 percent shortfall of the target. Though the wings had failed to reach the target for last fiscal, but enjoyed a 4.19 percent growth over that of the previous fiscal.

Data shows that the sector in the fiscal 2012-2013 had fetched $13729.8 million as export earnings.

The five commercial wings that succeeded in meeting export target in last fiscal year are Berlin, Madrid, Brussels, Beijing and Yangon.

Data said that the five commercial wings were given a target of $7773.82 million while it fetched $8386.8 million, enjoying a 7.65 percent surplus over the target.

The commercial wings in the fiscal year 2013-2014 enjoyed 24.91 percent growth over that of the fiscal 2012-2013 as in the fiscal 2012-2013 they fetched $ 6699.87 million