Bangladesh's exports fall 7% in May
Apparel items are on display at a trade show in Dhaka. Bangladesh posted double digit growth in garment exports to the US last year despite growing competition from regional rivals. Photo: Star/file
Bangladesh's exports fell 7 percent year on year in May to $4.40 billion, dragged down by weaker garment shipments.
Garments, which provide more than 80 percent of total export earnings, dropped 8.29 percent year on year to $3.59 billion in May from the same month a year earlier, according to data released by the Export Promotion Bureau today.
For all latest news, follow The Daily Star's Google News channel. In the July-May period, exports declined 2.55 percent to $43.79 billion, due to a fall in garment shipments. During the period, RMG exports declined 3.41 percent to $35.31 billion from $36.56 billion a year earlier.
In April, exports rebounded after eight consecutive months of decline, but the positive trend failed to sustain as shipments fell again in May.
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