The country鈥檚 export earnings increased by 10.53 per cent to $32.94 billion in July-February segment of the current financial year 2024-25.
According to Export Promotion Bureau data, in the same period of the last fiscal year, FY24, the earnings from exports were $29.81 billion.
The state agency provided this data, reflecting real-time shipment updates as per Asycuda World and the National Board of Revenue.
In February 2025, Bangladeshi exporters shipped goods worth $3.97 billion, a 2.77 per cent increase from the $3.87 billion exported in January 2024.
In February 2025, the readymade garment sector remained the dominant force behind export earnings and experienced a narrow positive growth of 1.66 per cent to $3.24 billion, compared to $3.19 billion in February 2024.
In the first eight months of FY25, export earnings from almost all major sectors maintained positive growths.
In the mentioned period, the RMG sector posted a 10.64 per cent positive growth and bagged $26.80 billion, compared to $24.22 billion in the July-February period of FY24.
Among the RMG products, knitwear earned $14.34 billion, 11.01 per cent higher than $12.92 billion, and woven earned $12.46 billion, 10.22 percent higher than $11.30 billion, in the FY24 mentioned period.
The potential home textiles also witnessed a positive growth of 5.23 per cent to $578 million in the July-February period of FY25, up from $549.25 million in the same period of the last fiscal.
EPB data stated that in the July-February period of FY25, the agricultural sector earned $742.47 million, a 10.25 per cent increase from $673.44 million in the mentioned period of FY24.
Export earnings from leather and leather goods increased by 8.48 per cent to $757.50 million, a high from $698.30 million in the same period of the previous fiscal year.
Another potential export sector, engineering products, grew 7.48 per cent to $338.8 million, up from $315.21 million in July-February of the last FY.
However, EPB data stated that in July-February of FY25, export earnings from jute and jute goods experienced negative growth of 8.71 per cent to $747.88 million, down from $600.18 million in July-February of FY24.
Talking to 抖阴精品, Faruque Hassan, former president of the Bangladesh Garment Manufacturers and Exporters Association, said that apparel exports witnessed a narrow growth in February; it was a lead period.
鈥楬owever, country鈥檚 overall exports have been doing very well despite some challenges over the past eight months. We have been able to achieve double-digit growth despite the country鈥檚 political transition,鈥� he added.
He also expressed optimism that Bangladesh will likely receive more purchase orders shifting from China thanks to Trump鈥檚 imposition of an additional 10 per cent duty.
鈥楿nder the new tariff regulations, Chinese exports to the US will face an additional 10 per cent duty, while Mexican exports will also be faced a 25 per cent duty instead of previous zero duty under the North American Free Trade Agreement,鈥� he added.
He added that China has also imposed a 15 per cent duty on US cotton imports, which will advantageously position Bangladeshi textile millers.
To take advantage of this opportunity, the government should address some major challenges, including ensuring an uninterrupted supply of gas and energy, lowering their prices, improving customs services, and strengthening law and order management.
鈥楢ttracting new investment and securing new orders for Bangladesh depend on maintaining law and order, which remains a top priority for all,鈥� he added, saying that the government should take measures to stabilize the situation.
Abdullah Hil Rakib, managing director of Team Group, said that Bangladeshi industries have an opportunity to move forward as the US imposition of additional tariffs on China. The government should take policies to grab the opportunity.
According to the EPB, the revised export earnings in FY24 were $44.47 billion, which was $55.28 billion in mismatched data.
