Container handling for export items at Chattogram Port elevated in November, while handling of imported items saw a decline, in step with recordsdata from the Chittagong Port Authority (CPA).
The port processed 70,396 TEUs (twenty-foot an identical objects) of export items in November, up from 66,932 TEUs in October—a upward push of 3,464 TEUs or 4.94%.
In incompatibility, imported items dropped to 1,13,480 TEUs in November from 1,20,225 TEUs in October, marking a decline of 6,745 TEUs or 5.94%.
Alternate experts bag attributed the decrease in imports to political instability, which has negatively impacted industries adore ready-made clothes (RMG).
Political unrest and violence bag triggered a decline in international orders for garments, leading exporters to diminish their imports of uncooked supplies for manufacturing.
“The garment alternate depends carefully on imported uncooked supplies,” acknowledged Ruhul Amin Sikder, secretary fashioned of the Bangladesh Inland Container Depot Affiliation.
“On the opposite hand, components equivalent to the dollar crisis, considerations with letters of credit ranking (LC), and the aloof remark of banks bag created predominant challenges for importers.”
Industry leaders in Chattogram’s garment sector famed that the unrest in Dhaka, in conjunction with employee protests and violence, has tarnished Bangladesh’s reputation amongst international merchants.
Many international brands bag shifted their orders to relatively just a few international locations, in conjunction with India, citing the unstable political ambiance.
Rakibul Alam Chowdhury, a old vice-president of the Bangladesh Garment Producers and Exporters Affiliation, expressed inform over the inform.
“Resulting from the ongoing political instability, merchants are hesitant to remark orders with us. This has resulted in a huge shift of orders to competitor international locations, indirectly lowering the import of uncooked supplies for the RMG sector,” he acknowledged.
The contrasting traits in export and import container handling mirror the broader challenges going by Bangladesh’s economy, notably in its greatest export sector, the RMG alternate.
