Photo: Collected-
Metropolis Report-
Exporters, who are operating their facilities at least 20% below capacity due to decreased orders from Western markets, are concerned about the current spike in political violence in Bangladesh.
International customers are concerned about the timely deliveries of goods due to the continuous political upheaval, which could affect the economy as a whole.
However, because of weak global demand, economic turmoil, geopolitical conflicts, and inflationary pressures in Western nations, this fell 4.28% short of the ambitious $58 billion forecast.
Their business has been further impacted by the ongoing conflict between Russia and Ukraine.
Bangladesh’s exports in FY23 increased by 6.67% year over year to $55.55 billion, with the garment industry accounting for 84% of the total revenue.
