Bangladesh export earnings have declined by 10.70 percent to $3.05 billion in November for the fourth consecutive month compared with the corresponding months of last year.
The fall is driven by a negative growth in the apparel sector, which contributes to over 84 percent of total exports earnings.
According to Export Promotion Bureau data released on Thursday (Dec 5), Bangladesh earned $3.05 billion in November, down by 10.70 percent, which was $3.42 billion in the same month last year.
In October, the exports earning saw 17.19 percent decline to $3.07 billion.
Export earning was $2.92 billion in September; down by 7.3 percent compared to the same month last year while in August, the country earned $2.84 billion from exporting goods, down by 11.49 percent compared to the same month last year.
According to the EPB, Bangladesh earned $15.78 billion during July-November period of the current fiscal, which is 7.59 percent less compared to $17.07 billion in the same period a year ago.
The apparel sector, which accounts for 84 percent of total exports, witnessed a 7.74 percent decline to $13.08 billion in the first four months of the current fiscal year, which was $14.18 billion in the same period last year.
As per the data, knitwear products earned $6.8billion, down by 6.79 percent, which was $7.30 billion the previous year.
Woven goods fetched $6.28 billion, posting a 8.74 percent fall against $6.88 billion in the same period last year.