The country’s earnings from the export of transportation services exceeded the target by 1.03 percent to reach $190.18 million during the July-September period of the 2018-2019 fiscal.
According to Export Promotion Bureau (EPB), in the first three months of the fiscal year, the sea transport export raked $95.96 million, which is nearly 51 percent of the total transportation exports.
In FY18, earning from the transportation services export was $589.20 million. In the current fiscal year, the target was set at $753 million.
In the first three months of the year, the earning was $190.18 million against the export target of $188.25 million.
According to the EPB update report, the earnings from the sector increased by 119.30 percent over the same period in the 2017-18 fiscal. In the first three months of 2017-18, the export was $86.72 million in this sector. The sea transport export was $95.96 million in the period, which is 9.48 percent higher than the target of $87.65 million for the period. In the July-September period of 2017-18, the export of sea transport was worth $283.74 million, indicating an increase of 131.23 percent from the first three months of the previous financial year. During three months of FY19, the amount of air transport export was recorded at $92.02 million, which is 106.74 percent higher than the same period of the previous fiscal year.
The amount earned from air transport export was $302.38 million during the July-September period of fiscal year 2017-18.
During the July-September period of current fiscal year, the export target of road transport service was set at $0.60 million.
Earning from this sector during the three months was $1.79 million, 198.33 percent more than the target. In the first three months of FY18, the road transport service export was $0.24 million. This means the earning from the sector increased by 645.83 percent during the year.