Bangladesh’s export earnings have plummeted once again due to the coronavirus pandemic as a second and larger wave of infections has continued to shatter its major markets in the West. The export earnings in the six months from July to December missed the target by 2.25 per cent. 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.

Source: bd News24 January 05, 2021 15:33 UTC