Exports rebound sharply in March
Export earnings rebounded sharply with a good 12.59 % year-on-year rise going to $3.07 billion in March because of the recovery in garment shipment during the last few months on the back of relaxed lockdowns.
Business activities in Bangladesh have practically returned to normalcy over the last few months although the fear of the pandemic and the lockdowns in a few major export destinations has affected goods' shipment somewhat.
However, apparel export fell 2.55 % year-on-year to $23.48 billion in the July-March period this fiscal year.
Apparel shipment, which contributes more than 84 per cent in the annual national export, is on its recovery path seeing as knitwear shipment has been performing substantially because of a rise in demand for all those items for long stays at home by the consumers.
In July-March amount of the existing fiscal year, the overall earning from merchandise export was $28.93 billion, posting a year-on-year fall of only 0.12 per cent, according to data from the Export Promotion Bureau.
