DHAKA - A huge drop in the shipment of readymade garments due to declining orders in the face of the coronavirus pandemic was the biggest factor behind a 14.57 per cent fall in exports from Bangladesh last year.
New figures from the Export Promotion Bureau reveal that the country’s export earnings in 2020 fell to US$33.60 billion from US$39.33 billion in the previous year as the COVID-19 outbreak hit the global economy.
The first lockdown caused unprecedented disruption between March and May, when billions of US dollars worth of exports were cancelled or postponed, threatening the country's garment industry which is reponsible for more than 80 per cent of exports.
