July exports drop 11% Exporters are also 8.55 percent lower than the target of about 7 7.7 billion, according to data released by the Export Development Department on Tuesday.
The ready-made garment industry, which contributes the most to exports, fell 11% to 8 2.88 billion from July 2020, down 4% from the 3 3 billion target.
July exports drop 11% The decline in garment exports was marked by 17% lower revenue from textiles than the target. Net product was 5% less than the target.
Exporters could not explain the recession due to the latest information after Bangladesh lost its position as the second largest garment exporter to Vietnam in 2020.
Syed Nazrul Islam, senior vice-president of the Bangladesh Garment Manufacturers and Exporters Association, said some exports had been hampered by the holiday of Dul Azhar and the blockade of coronaviruses and container log jams at the port. Delivery to the department was delayed.
He added that they would analyze the data and find out why the decline was behind exports.
In addition to garments, there are sectors of agricultural products, frozen fish, handicrafts and jute products which have seen a decline in exports.
Leather products and leather products earned 90 90 million a month and reached the 88 88 million target, while jute and jute products could bring in 60 60 million or half of the target.