Bangladesh's merchandise export earnings increased by 4.32 per cent year-on-year to $2.96 billion in August following a rise in demand due to the reopening of retail stores in the EU and US markets.

Experts attributed the hike in earnings to the release of goods in June and July, which were stuck in warehouses because of the ongoing Covid-19 pandemic.

"We expected a faster recovery but it is taking a bit of time as the western economies are taking some time to fully reopen their doors," said Arshad Jamal Dipu, vice-president of the Bangladesh Garment Manufacturers and Exporters Association.

Garment shipments began rebounding in July, when international retailers and brands started returning to Bangladesh with new work orders while also accepting previously cancelled ones.

https://www.thedailystar.net/business/news/exports-show-promise-us-eu-markets-reopen-1957161