The country shipped merchandise worth $9.15 billion in the first two months of the current fiscal year

Bangladesh’s merchandise exports declined by nearly one percent year-on-year in July, the first month of the current fiscal year, due to a sluggish performance in garment shipments.

However, the July export figure is 12.49% higher than that of June

Exports stood at around $48 billion, down by 0.58 percent from the previous year, despite a sharp June increase. This means the rebound came too late to change the annual picture. It may signal some recovery in orders, delayed shipment adjustments, or short-term buyer confidence. But it does not prove that the export sector has regained strength.

Exports stood at $3.01 billion in April

Why can’t Bangladesh have its own global apparel brand?

Bangladesh has emerged as an economic success story, primarily through its booming ready-made garments (RMG) sector.

Bangladesh shipped $11.37 billion worth of merchandise in the first quarter

However, overall shipments grew 2.01 percent to $51.54 billion in July-May, according to data from the Export Promotion Bureau (EPB).

Shipments hit $4.07 billion in May, 23.75% lower than the monthly target of $5.33 billion

It declined 0.99% year-on-year to $3.91 billion in April

Oct's shipment fell to $3.76 billion this year from last year's $4.35 billion

It hit $4.31 billion in September

Bangladesh’s apparel exporters displayed the sharpest growth in the US in 2022, leaving behind their competitors in the countries such as China and Vietnam, owing mainly to the lingering tariff war between Washington and Beijing and capacity building.  

The debate over wage increase has risen at a time when the majority of people in the country are suffering due to skyrocketing commodity prices

Five developed nations have continued to account for more than half of Bangladesh’s export earnings, highlighting the country’s narrow market base and the vulnerability it faces.

Operations at Payra port have slowed down significantly following the temporary stoppage of coal imports for the Payra Thermal Power Plant in Kalapara upazila of Patuakhali.

Shipments rose 26.6% year-on-year to hit $4.84 billion

Players in the ICT industry of Bangladesh have urged the government to adopt long-term policies, which include extending income tax exemption for the sector by six years and incentivising exports of IT-enabled services (ITES).

The rate will be applicable for shipments of December and January