Political changes in the West and devaluation of currencies have adversely affected growth in Bangladesh exports.
The clothing sector contributes over 82% to overall export earnings, and this sector has been particularly badly affected.
According to provisional data of Export Promotion Bureau for Financial Year 2017, Bangladesh’s overall export earnings stood at $34.83 billion with 1.69% growth, the lowest in the last 15 years.
Export earnings from the clothing industry, an overwhelmingly important foreign currency earner, have seen only a 0.20% rise to $28.15 billion, also the lowest in the last 15 years.