As per figures provided by the country’s Export Promotion Bureau (EPB), in July 2019, Bangladesh’s export earnings were $3.88 billion which in this July stood at $3.91 billion. The export earning this July is also around 44 per cent more than that of June.

Further, apparel export raked in $3.2 billion, which was 14.1 per cent more than the target set for July by the Commerce Ministry. However, it was less than the earnings of $3.3 billion registered in July last year.

Earnings from the knit items clocked a 4.30 per cent growth to touch $1.75 billion, but receipts from woven items suffered a decline of around 8.43 per cent to $1.49 billion during the month under review.

It may be mentioned here that export revenue in the apparel industry witnessed a year-on-year decline of 18.29 per cent in March, 82.85 per cent in April and 61.57 per cent in May, as economies the world over went under lockdowns in a bid to curb the spread of the coronavirus pandemic. However, as things started looking up a bit, restrictions were lifted and a state of normalcy returned to the global supply chain, when export earnings again picked up with receipts from apparel exports reaching US $ 2.71 billion in June, which was just 2.5 per cent less than what it was during the same period of the previous year.