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Industry News | Time: Jun 12 2020 5:01PM
Bangladesh ready-made garments continue to show a significant fall
 
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According to the latest data from the Export Promotion Bureau, readymade garment export earnings for May totalled US$1.23 billion, just over 62 percent lower than those recorded in the same month last year and the second smallest monthly return so far during this financial year (it will be remembered that April showed a deficiency of 85 percent). This marks the earnings were below the corresponding month a year earlier.

As a result, cumulative earnings for the first eleven months of the fiscal year, at US$25.709 billion, were nearly 19 percent lower than in the equivalent period of 2018/19. Woven garment export earnings dropped by over 19.2 percent year-on-year, to US$12.966 billion for the same period. The knitwear sector showed a slightly smaller decline: earnings during July/May slipped by just over 18.7 percent, to US$12.743 billion. sixth successive month that export
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