Gazi Anowarul Hoque :
Exports of readymade garments from Bangladesh registered double-digit decline in the first month of current fiscal, according to data from the Export Promotion Bureau.
In July 2016, Bangladesh earned US$2117.58m from garment exports, showing a decrease of 23.60 percent compared to exports of $2215.16m made in the corresponding, the data showed.
The overall export performance for the period is $2534.31million with the 24.93 percent drop against the target of $3376m.
However, according to the industry insiders, the reason behind the decline is Eid vacation and barrio of in the Dhaka-Ctg highways.
The government imposed ban of movement of cargoes in the highways across the country citing traffic jam problems after and before the holly Eid.
“The achievement, you can say against export of fifteen days as due to Eid vacation and government’s barrio on transportations bared the exporters to ship their goods on the month,” said Md. Siddiqur Rahman, president of BGMEA. He, however, also expressed his hope to revive the from the situation in the current month.
Meanwhile, according to the data, knitwear exports dropped by 16.68 per cent to $1077.23m in the month July of fiscal 2016-17, as against exports of $1292.83m during the same month of the previous fiscal, as per the data.
Likewise, exports of woven apparel dipped by 29.65 per cent to $1040.35m during the month, compared to exports of $16207.00m during July 2015.
Exports of readymade garments from Bangladesh registered double-digit decline in the first month of current fiscal, according to data from the Export Promotion Bureau.
In July 2016, Bangladesh earned US$2117.58m from garment exports, showing a decrease of 23.60 percent compared to exports of $2215.16m made in the corresponding, the data showed.
The overall export performance for the period is $2534.31million with the 24.93 percent drop against the target of $3376m.
However, according to the industry insiders, the reason behind the decline is Eid vacation and barrio of in the Dhaka-Ctg highways.
The government imposed ban of movement of cargoes in the highways across the country citing traffic jam problems after and before the holly Eid.
“The achievement, you can say against export of fifteen days as due to Eid vacation and government’s barrio on transportations bared the exporters to ship their goods on the month,” said Md. Siddiqur Rahman, president of BGMEA. He, however, also expressed his hope to revive the from the situation in the current month.
Meanwhile, according to the data, knitwear exports dropped by 16.68 per cent to $1077.23m in the month July of fiscal 2016-17, as against exports of $1292.83m during the same month of the previous fiscal, as per the data.
Likewise, exports of woven apparel dipped by 29.65 per cent to $1040.35m during the month, compared to exports of $16207.00m during July 2015.
