Bangladesh's export earnings decline further

Bangladesh export earnings have declined by 10.70% to $3.05 billion in November for the fourth consecutive month compared with the corresponding months of last year.

The fall is driven by a negative growth in the apparel sector, which contributes to over 84% of total exports earnings.

According to Export Promotion Bureau data, Bangladesh earned $3.05 billion in November, down by 10.70%, which was $3.42 billion in the same month last year.

In October, the exports earning saw 17.19% decline to $3.07 billion.

Export earning was $2.92 billion in September, down by 7.3% compared to the same month last year while in August, the country earned $2.84 billion from exporting goods, down by 11.49% compared to the same month last year. 

According to the EPB data released on Thursday, Bangladesh earned $15.78 billion during July-November period of the current fiscal, which is 7.59% less compared to $17.07 billion in the same period a year ago.

The apparel sector, which accounts for 84% of total exports, witnessed a 7.74% decline to $13.08 billion in the first four months of the current fiscal year, which was $14.18 billion in the same period last year.

As per the data, knitwear products earned $6.8billion, down by 6.79%, which was $7.30 billion the previous year.

Woven goods fetched $6.28 billion, posting a 8.74% fall against $6.88 billion in the same period last year.