Services exports clocks in over 50pc gain

Earnings from services export rose 55.52 percent to $1.4 billion between July and September because of higher performance of the transport sector, according to data from the Export Promotion Bureau (EPB) yesterday.

The earnings are 12.76 percent higher than the target of $1.25 billion. Receipts from the transport service sector totalled $190.18 million in the current fiscal year’s first quarter. Of the amount, $95.96 million came from sea transportation, $92.02 million air transportation, $0.06 million railway and $1.79 million road transportation.

Telecommunication and information services also performed well, with their exports growing by 66.44 percent year-on-year to $149.18 million. Export from other services also grew by 139.20 percent year-on-year to $247.05 million. Export of government goods and services grew by 194.71 percent year-on-year to $561.71 million.

Navojit Dastidar