Export earnings decline by 85pc


FE Team | Published: May 05, 2020 18:50:56 | Updated: May 06, 2020 09:30:05


Export earnings decline by 85pc

The country’s export earnings witnessed a massive slump, recording an 85 per cent year-on-year drop in April as the coronavirus pandemic continues to roil the global economy.

Readymade garments exports (knit, woven) fetched only $369 million in April, compared to $2.42 billion at the same time last year, according to BGMEA.

The Export Promotion Bureau will publish the official figures in a few days, according to officials.

BGMEA Secretary Md Abdur Razzak told bdnews24.com that he was frequently analysing and reviewing export data during the crisis and the statistics were obtained from the National Board of Revenue.

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