Export orders from Europe for garments made in Bangladesh declined by 40 per cent to 45 per cent in June 2020 compared to the previous year. Over half of Bangladesh’s exportable items are sent to the European Union. Europe is Bangladesh’s main export market for readymade garments.
The resurgence of Coronavirus infections in Europe will have a significant impact on Bangladesh’s readymade garment business. The ongoing pandemic spread in major EU markets has Bangladesh worried. After weathering the pandemic last year, the readymade garment sector had begun to receive orders and was back on track. Workers lost earnings from March to May 2020, because to a lack of orders to keep firms afloat. The income of 82 per cent of workers decreased. Workers’ mental health and overall emotional well-being were also harmed, as they worried about the epidemic as well as their financial prospects — paying for their families, feeding them, and caring for their children. The entire workforce fell victim to Covid during the lockdown periods.
Europe has once again become the epicenter of the coronavirus pandemic, with many European Union nations recording the highest Covid cases in recent days. Bangladesh is concerned about the current spread of coronavirus in major EU markets. The readymade garment sector had started getting orders and had been on track after overcoming the pandemic last year.