Bangladesh鈥檚 export earnings have maintained a positive growth for five months (July-November) of the financial year 2024-25, posting a 16.23-per cent increase in November, due mainly to increased shipments of readymade garments.
According to the Export Promotion Bureau provisional data, the country鈥檚 export earnings in November, 2024 increased by $578.22 million year-on-year to $4.14 billion compared with those of $3.56 billion in the same month of 2023.
Bangladesh鈥檚 export earnings in July-November of FY25 also increased by 11.88 per cent to $19.93 billion compared with those of $17.81billion in the same period of FY24, the provisional data showed.
The previous financial year 2023-24 ended on a downbeat note, with export earnings declining by 8.54 per cent in June.
The country鈥檚 export earnings came back on the positive trajectory in July, the first month of FY25 with a 2.93-per cent growth.
Growth accelerated in the following months, with earnings rising by 5.51 per cent in August, 15.43 per cent in September and 20.65 per cent in October riding on the performance of the apparel sector, the EPB data showed.
Although the export data on RMG for November 2024 is yet to be available, exporters said that there was a steady rise in shipments over the past few months, aligning with the overall growth in export earnings.
鈥楾he rise in apparel shipments is due largely to the accumulation of orders that were deferred in August and September amid student protests and labour unrests,鈥� said Mahmud Hasan Khan, a former vice-president of the Bangladesh Garment Manufacturers and Exporters Association, told 抖阴精品 on Tuesday.
He said that while apparel exporters were receiving more orders from global buyers, prices remained low.
鈥楳anufacturers are being forced to accept orders at reduced prices due to increased production capacity,鈥� Mahmud said.
However, he expressed concerns about the sustainability of the recent export growth, warning that without improved law and order and adequate banking support, the growth could falter.
