Export earnings slide again despite january rebound

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Export earnings slide again despite january rebound

B Mirror Report : The latest official data shows that Bangladesh’s earnings from exporting products and services fell for the sixth straight month on an annual basis. From $4.43 billion in January 2025 to $4.41 billion in January 2026, export receipts showed a slight 0.5% decrease.

According to bdnews24.com, the decline, which initially surfaced in August of last year, has continued despite indications of a little increase in general momentum.

Data released by the Export Promotion Bureau (EPB) on Monday shows that export earnings fell by $22.3 million compared with the same month last year.

While exports remain in negative territory, the rate of contraction has slowed sharply from December, when earnings dropped by 14.25 per cent to $3.97 billion.

On a month-on-month basis, January posted a notable rebound, with export income rising by $440 million an increase of more than 11 per cent.

The fiscal year initially opened strongly in July, recording a 24.76 per cent jump in exports, but the upward trend lost steam soon after.

Month-by-month comparisons indicate declines of 2.93 per cent in August, 4.61 per cent in September, 7.43 per cent in October and 5.54 per cent in November.

Cumulatively, exports during the first seven months of the current fiscal year (July to January) amounted to $28.41 billion, down 1.93 per cent from $28.97 billion recorded over the same period a year earlier.

This outcome marks a sharp contrast to the first seven months of FY25, when export earnings registered strong growth of 11.68 per cent.

The ready-made garment (RMG) sector the backbone of Bangladesh’s export economy — earned $3.61 billion in January, a 1.35 per cent decrease from $3.66 billion in the corresponding month last year.

Within the RMG segment, knitwear exports declined by 2.61 per cent, while woven garment shipments edged down slightly by 0.07 per cent.

Outside apparel, agricultural exports fell by around 7 per cent. In contrast, several sectors posted gains: pharmaceutical exports increased by 13 per cent, frozen and live fish exports rose 13 per cent, jute and jute products grew by 12 per cent, and leather and leather goods exports expanded by 6 per cent.

During the first seven months of FY25, Bangladesh exported goods and services worth $48.28 billion.

For the full FY26 fiscal year, the government has set an export target of $63.5 billion.

 

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