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Saturday | April 04, 2026 | Dhaka

Jan exports rebound, hit 5.72b

 New Nation
 Published: 12:00 AM, 05 February 2024  Updated: 11:09 PM, 04 February 2024

Staff Reporter :
In January, Bangladesh recorded a noteworthy growth in exports, reaching $5.72 billion, marking an 11.45 percent year-on-year increase, as per recent data released by the Export Promotion Bureau (EPB).

This positive trend follows a period of several months with a negative export trajectory. In the corresponding month last year, the country earned $5.13 billion from exports.

The readymade garment (RMG) sector, being the highest export earner, contributed significantly by earning $4.96 billion in January, reflecting a growth of 12.22 percent compared to $4.42 billion in the previous fiscal year, as indicated by EPB data.

For the period of July-January in FY 2023-24, RMG exports amounted to US$ 28.36 billion, showcasing a 3.45 percent increase compared to the same period in the previous fiscal year.

Mohiuddin Rubel, director at BGMEA, mentioned in a press release that RMG exports grew by 3.45 percent on a year-over-year basis, reaching US$ 28.36 billion from US$ 27.41 billion in the corresponding period of the fiscal year 2022-23.

Breaking down the RMG exports, knitwear contributed US$ 16.17 billion, experiencing an 8.15 percent growth, while woven garments amounted to US$ 12.18 billion, showing a slight decline of 2.20 percent, as per the release.

Contrastingly, export earnings from leather and leather goods during the first seven months of FY24 declined by 14.33 percent to $628.06 million, compared to $733.09 million in the corresponding period of FY23. Similarly, merchandise exports from jute and jute goods fell by 6.85 percent to $510.54 million during this period, compared to $548.10 million in the same period of the previous fiscal year.

Despite the varied performances in different sectors, the overall exports for the first seven months (July-January) of the current fiscal year (2023-2024) experienced a narrow year-on-year growth of 2.52 percent, reaching $33.26 billion, surpassing the $32.44 billion recorded in the mentioned period of the previous fiscal year (FY23).