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Bangladesh Exports hit problems

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Exports earned $2.9 billion in October, a reduction of about 6.5% from a year earlier. This may be the harbinger of the cold, harsh winter awaiting Bangladesh’s exports during a second wave of Covid-19.
Last month’s income also missed its target by $190 million, according to data from the Export Promotion Bureau.

Garments, which contributes more than 84% of the export receipts, brought home $2.3 billion in October, a reduction 8% year-on-year.

“This warns about faltering recovery in global demand and trade,” said the president of the Bangladesh Garment Manufacturers and Exporters Association.

October’s earnings take the export receipts so far this financial year to $12.9 billion, up 1.6% year-on-year.