Bangladesh fetches nearly $5bn from exports in Dec

Bangladesh exported a record $4.9 billion worth of goods in December, signalling an economic recovery in key American and European markets.

The export earnings were 48.27 percent higher than the same month a year ago and over 25 percent more than the target.

As a result, Bangladesh’s half-yearly export reached over $24.69 billion, 28.41 percent higher than the same period a year ago.

Shahidullah Azim, vice president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said after a long global lockdown, when the ports were relaxed in August, Bangladesh’s exports gained momentum. Besides, demand for products and their prices have also increased, he said.

Bangladesh’s highest export was $40.53 billion in fiscal 2018-19 and it went down to $38.75 billion and $33.67 billion in fiscal 2019-20 and 2020-21 respectively due to the ongoing onslaught of the coronavirus.