The country鈥檚 export earnings in July-May period of the 2024-25 financial year witnessed a positive growth of 10 per cent, rising to $44.95 billion, according to the Export Promotion Bureau.
In the same period of FY24, the earnings were $40.86 billion.
The state agency provided this data, reflecting real-time shipment updates as per Asycuda World and the National Board of Revenue.
The single month export earnings of May also experienced a growth of 11.35 per cent to $4.74 billion, which was $4.25 billion in May 2024.
The country鈥檚 readymade garment sector also experienced a positive growth of 11.85 per cent to $3.92 billion in May compared with those of $3.50 billion in May 2024.
In the first eleven months of FY25, export earnings from almost all major sectors maintained positive growth except jute and jute goods.
In the mentioned period, the RMG sector witnessed a 10.20 per cent positive growth and bagged $36.56 billion, compared with those of $33.17 billion in the July-May period of FY24.
Among the RMG products, knitwear earned $19.62 billion, 10.98 per cent higher than $17.68 billion in the corresponding period of FY24, and woven earned $16.94 billion, 9.30 per cent higher than $15.50 billion in FY24.
Home textiles also posted a positive growth of 4.78 per cent to $824.58 million in the July-May period of FY25, up from $786.96 million in the same period of the past financial year.
The EPB data also stated that in the July-May period of FY25, agricultural sector earned $927.56 million, which is a 3.17-per cent increase from $899.10 million in FY24.
Export earnings from leather and leather goods increased by 12.55 per cent to $1.05 billion, which was $939.87 million in the same period of FY24.
Engineering product exports grew by 12.40 per cent to $498.23 million, up from $443.25 million in July-May of FY24.
However, export earnings from jute and jute goods experienced a negative growth of 4.77 per cent to 769.01 million in July-May of FY25, which was $855.23 million in the same period of FY24.
Mohiuddin Rubel, former Bangladesh Garment Manufacturers and Exporters Association director, told 抖阴精品 that the growth could be attributed to some consignment being on hold during the past Eid holidays.
So far, the country is on the right track to achieve its annual export earnings target from the RMG sector, he said.
鈥極ur target was realistic and we are close to achieving the target at by the end of FY25. However, with the Eid holidays in June, a narrow gap with the target may occur,鈥� he added.
He also said that the sector addressed a number of adverse challenges throughout the year like political transition, unrests, gas and energy crises, but Bangladesh was on the right track due to buyers鈥� trust and confidence.
He said that proper policy support, enough preparations for the LDC graduation and tariff issues of the west and maintaining the competitiveness could strengthen Bangladesh鈥檚 sustainability.
