Bangladesh's exports plummeted over 4 per cent in October while its export earnings declined by 4.08 per cent year-on-year to $2.95 billion as shipments of apparel products took a hit due to the COVID-19 pandemic.
However, the country’s overall export earnings in July-October of FY21 grew by 0.97 per cent to $12.84 billion from $12.72 billion in the same period of FY20, says data from the Export Promotion Bureau.
Its shipments of readymade garments declined by 7.78 per cent exports declined by1.2 per cent to $10.45 billion in FY21 from $10.58 billion in the same period of FY20.
Shipments of woven items declined by 7.76 per cent to $4.64 billion even as knitwear exports in the four months of this fiscal year registered 4.76 growth to fetch $ 5.80 billion from $5.54 billion in the corresponding period of last fiscal year.
Export of woven items in October fell by 14.43 per cent, while knitwear marked a decline of 2.19 per cent.
Meanwhile, earnings from leather and leather products in July-October of FY21 fell by 10.63 per cent to $283.2 million from $316.9 million in the same period of last fiscal year while earnings from the home textile export increased by 47.86 per cent to $354.25 million from $239.59 million and earnings from export of jute and jute products also increased by 39.52 per cent to $438.78 million from $314.49 million, as per the data.
Source:FW
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