Bangladesh’s export earnings witnessed an 8.58% growth to $48.28 billion in the financial year 2024-25, up from $44.46 billion in FY24, according to the Export Promotion Bureau (EPB) data.
Despite facing several challenges, including regime change, political turmoil, workers’ protests, manufacturing operations closures, and fears of US tariffs, the country’s export earnings posted robust growth.
According to the EPB data, readymade garments (RMG) posted a growth of 8.84% to $39.35 billion in FY25, surpassing the $36.15 billion recorded in FY24.
Among the other notable products, home textiles posted a positive growth of 2.42% to $871.57 million in FY25, up from $851.01 million in FY24.
The EPB data also indicated that in FY25, the agricultural sector generated $988.62 million, representing a 2.52% increase from $964.34 million in FY24.
Export earnings from leather and leather goods increased by 10.19% to $1.14 billion, which was $1.03 billion in FY24.
In FY25, engineering product exports grew by 10.03% to $535.56 million, up from $486.75 million in FY24.
However, export earnings from jute and jute goods experienced a negative growth of 4.10% to 820.16 million in FY25, which was $855.23 million in FY24.
Meanwhile, the single-month export earnings for June of FY25 experienced a negative growth of 7.55% to $3.33 billion, compared to $3.55 billion in June 2024.
Industry insiders attributed the export growth to steady demand in key markets, diversification of product offerings, improvements in workplace compliance, and investments in automation and green manufacturing.
Meanwhile, the analysts said that timely policy interventions, improvements in trade infrastructure, market and product diversification, and stronger export market negotiations would be crucial to meeting the $100 billion export target in the near future.
By Saddam Hossain
Photo: Collected
