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Export earnings declined 16.52 per cent year-on-year to $3.95 billion in April as the shipment of garments, the key export item, dipped owing to a reduced purchasing capacity of consumers in the western countries amid persistently higher inflation.
Theft of RMG cargo on Dhaka-Chattogram highway: Such incidents are becoming a serious problem for apparel exporters
Sabiha Saiki Fashion shipped 85 consignments worth Tk 22 crore through Ctg port in the last three years using fake documents
International retailers and brands have been cancelling, delaying or putting work orders on hold in garment factories because of volatile global economic situation and for unsold stockpiling of the clothing items in the stores.
Bangladesh ships apparel items to the Middle Eastern countries and the good thing is local garments are steadily gaining popularity in the Middle eastern countries.