Published: 01:00 AM, 03 November 2023
Exports fall 13.6 pc in October
Amid the ongoing dollar crisis, Bangladesh registered 13.64 per cent decline in export earnings in October, compared to the previous year's corresponding month.
Gloomy data came amid worker unrest over pay hike demands roiling the apparel sector for days.
Overall exports in the July-October period rose 3.52 percent to $17.45 billion from a year earlier, falling short of the $19.24 billion target set for the period, according to data published by the Export Promotion Bureau on Thursday.
Overall exports in the July-October period rose 3.52 percent to $17.45 billion from a year earlier, falling short of the $19.24 billion target set for the period, according to data published by the Export Promotion Bureau on Thursday.
The EPB data showed a downturn in the export of all major sectors, except for ready-made garments.
The sectors with low export earnings include frozen foods, leather and leather products, jute and jute products, agri processed products, and home textiles.
The sectors with low export earnings include frozen foods, leather and leather products, jute and jute products, agri processed products, and home textiles.
However, the export of ready-made garments has shown resilience, recording an export earnings of $14.78 billion in the first four months of the current fiscal year. It marks an year-on-year rise of 5.95 per cent.
