In a promising turn for the economy, Bangladesh’s merchandise exports experienced a robust growth of 15.63 per cent year-over-year (YoY), reaching US $ 4.11 billion in November of the current fiscal year (FY ’25). This marks a significant increase from US $ 3.56 billion during the same month last year, according to data released by the Export Promotion Bureau (EPB) on Wednesday.
The readymade garment (RMG) sector, which is the country’s leading export industry, contributed substantially to this growth, generating US $ 3.3 billion in November alone. This represents a remarkable 16.25 per cent increase compared to the US $ 2.84 billion recorded in November 2023.
The EPB’s data, which reflects real-time shipment updates sourced from the National Board of Revenue (NBR) via Asycuda World, indicates that Bangladeshi exporters have shipped goods worth US $ 19.9 billion in the first five months of FY ’25, up from US $ 17.81 billion in the same period of FY ’24. This signifies a year-over-year growth of 11.76 per cent for the July-November timeframe.
Within this period, the RMG sector alone earned US $ 16.11 billion, representing a 12.34 per cent increase from US $ 14.34 billion in the previous fiscal year.
These figures highlight the resilience and potential of Bangladesh’s export sector, particularly in the face of global economic challenges.trade
