MNA Business Desk: Bangladesh’s exports fell to $3.2 billion in August, down 11.7 per cent from a year earlier and nearly 1 per cent below target, reported news agency.
But for July and August, the first two months of the country’s 2018-19 financial year, exports rose 2.5 per cent to $6.79 billion from a year earlier, the Export Promotion Bureau said.
Shipments of readymade garments, comprising knitwear and woven items, totalled $5.74 billion in July and August, up 3.8 per cent on the year.
Exporters attributed the drop in August to holidays for the Muslim festival of Eid al-Adha.
The garments industry is a key foreign-exchange earner for the South Asian nation, whose low wages and duty-free access to Western markets have helped make it the world’s second-largest clothing exporter after China.