Bangladesh Export Earnings Reach All-time High in July 2020

Data from the Export Promotion Bureau showed Bangladesh having recorded USD 3.91 billion in exports for July 2020, up 0.59% from USD 3.88 billion in July 2019. This growth was led by an increased shipment of readymade garment products with global buyers reinstating their orders in light of economic improvements amidst the COVID-19 pandemic.

This positive growth in export earnings was welcome following six months of negative growth, since January 2020. Media reports indicated that of this, the last three months of fiscal period FY19-20 (from April 2020 to June 2020) were particularly hard-hit as COVID-19-imposed restrictions affected the sales of manufacturing goods and buyers across the globe cancelled or suspended import...