The export earnings in the six months from July to December missed the target by 2.25 percent. Readymade garments contributed $15.54 billion to the total of export earnings of this period, according to Export Promotion Bureau data. Their expectations were hit heavily when export earnings slipped back into the negative territory with the second wave of coronavirus infections surging in Europe and the US. Export earnings rebounded somewhat in May, growing almost three times over the April receipts, as factories began reopening with relaxed restrictions. The government has set an export target of $48 billion in the 2020-21 fiscal year aiming a 19.79 percent year-on-year growth.

Source: bd News24 January 05, 2021 15:00 UTC