Earnings from merchandise shipments in August increased slightly by 3.80 percent to $4.78 billion, mainly riding on apparel exports as all the other major sectors staged a poor performance last month.
Exports fetch $3.13b in April
Receipts up six times year-on-year as shipment fell
to historic low last year
In April last year, earnings from the garment sector, which contributes 84 per cent to national export in a year, were only 0.37 billion because of lockdown and shutdown of factories. Star/file
Earnings from merchandise exports surged as much as six times year-on-year to $3.13 billion in April thanks to a rebound in apparel shipment buoyed by the reopening of the economies in the US and Europe.
Export receipts rose abnormally in April compared to the level in the same month last year, when overseas sales stood at a meagre $0.52 billion, the lowest in the history of Bangladesh, as a strict lockdown and the closure of factories in Bangladesh due to Covid-19 battered the economy.