Garment, which fetches more than 84 per cent of Bangladesh’s export receipts, brought home about $2.4 billion in November, down about 4 per cent year-on-year. “Apparel goods’ export growth will not get any momentum until the global economy recovers from the pandemic. The situation may turn from bad to worse if the second wave turns out to be more lethal than the first wave,” he added. Commerce Secretary Md Jafaruddin said Bangladesh’s apparel exports would continue to hold up amid the pandemic as the country mostly manufactures low-end products. Exports of non-leather footwear rose 13.5 per cent to $150 million, which was $132 million.

Source: Dhaka Tribune December 03, 2020 19:07 UTC