RMG export earning plummets by simply 18.45pc in FY 2019-20
The country's earnings from garment export in the outgoing 2019-20 fiscal year declined to 27.83 billion USD - an 18.45 percent decline when compared to previous fiscal year.
The sharp dip in the export earnings from RMG sector has been generally attributed to the ongoing Covid-19 pandemic.
The export earning target was 38.20 billion USD for the recent past fiscal year.
Bangladesh exported 34.13 billion USD worth of RMG goods in the 2018-19 fiscal.
RMG exports, which typically contributes to 84 percent of the national export, was lower in the last fiscal time as many factories were shut down in April as a result of pandemic.
In June, the united states received 2.12 billion USD from garment exports, according to data from Bangladesh Garment Suppliers and Exporters Association (BGMEA).
In May the earnings from apparel export was 1.23 billion USD and in April the total amount was 0.37 billion USD, the data added.
