Fears of a major blow to exports.
It is known that due to political unrest in the last few months, the import of necessary raw materials in the export sector, production and overall export activities have been disrupted. Immediately after the change of government, worker dissatisfaction started in the ready-made garment sector, the main export product.
Worker dissatisfaction continues in the Ashulia and Gazipur industrial areas. Despite such a situation, exports in the first six months of the current fiscal year up to last December increased by about 13 percent compared to the same period of the previous fiscal year. In December, exports increased by 18 percent in one month.
An analysis of data from the Export Promotion Bureau (EPB) has shown that export earnings have increased at a low rate in the early part of the current fiscal year. However, export earnings have increased quite well in the last three months. As a result, the average growth of six-month exports is also good. Exports increased by 2.9 percent in July, the first month of the current fiscal year. In August, it was 5.6 percent. In September, it was 6.8 percent. Export growth increased significantly in October to 21 percent. In November, it stood at 15.63 percent. Exports increased by 18 percent in December.
The latest EPB report shows that goods worth about $4.63 billion were exported in a month in December, which is Tk 55,560 crore in local currency. On the other hand, the total export in the first six months of the current fiscal year was $2,453.35 billion or about Tk 3 lakh crore. This amount was $2,174 billion in the same period of the last fiscal year.
Ready-made garment exports increased by 18 percent. Garments worth $1,979 billion were exported, which was $1,756 billion in the same period of the last fiscal year. That is, despite five consecutive months of labor unrest, garment exports increased by $2.23 billion or about Tk 27 thousand crore.
Dr. Zahid Hossain, former chief economist of the World Bank’s Dhaka Resident Mission, told our time that exporters are going through various adversities. This industry is facing one setback after another. Despite this, they are doing well in exports. When there is gas pressure, production of goods is usually not disrupted. But there is not enough gas pressure in the country. As a result, factories have to be closed at times. As a result, exports are affected. He said that it will be difficult for entrepreneurs to withstand the proposed trend of increasing gas prices.
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