• Monday, Dec 05, 2022
  • Last Update : 09:24 am

Bangladesh's apparel exports fall 84% in first half of April

  • Published at 01:13 pm April 16th, 2020
rmg sector
Rajib Dhar/Dhaka Tribune

Economist and sector people attributed the outbreak of coronavirus, which hit the global supply chain badly, to the drastic fall

Apparel exporters shipped goods worth only $194 million during the first half of the current month, down 83.74% from the same month of last year.

Merchandise export of clothes was to the tune of $1.19 billion as of April 15, last year, according to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) data.

Meanwhile, apparel export in March was $2.25 billion, down by 20.14% from the same month last year.

Talking to Dhaka Tribune on the export situation, economist and sector people attributed the outbreak of coronavirus, which hit the global supply chain badly, to the drastic fall.

“Since March 26, production in most of the factories has been closed, while the lock-down also caused transportation disruption,” Khan Monirul Alam Shuvo, chairman of BGMEA Standing Committee on Public Relation (PR) told Dhaka Tribune. 

The situation would improve once the normalcy returned back in the export destination countries, he added. 

According to Bangladesh Garment Manufacturers and Exporters Association (BGMEA), 1,140 apparel exporters have witnessed work order cancellation worth $3.16 billion, which affected 2.26 million workers. 

 “It was expected that the country's apparel export will see a sharp decline due to coronavirus as it hit the global supply chain badly, while production due to the lock down in the manufacturing country is almost halted,” Centre for Policy Dialogue (CPD) research director Khondaker Golam Moazzem said.

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