Exports Rose in FY25 – Bangladesh

Bangladesh’s merchandise exports increased by 8.58% in the 2024-25 fiscal year, reaching $48.28 billion, despite global economic challenges and domestic unrest. The garment sector, contributing nearly 84% of total export earnings, led this growth, even with disruptions from factory closures and political instability.

Data indicates that exports to key markets like the EU, US, and Canada grew by 10.46%, 15.97%, and 14.14% respectively from July to April, with the EU accounting for nearly half of ready-made garment shipments.

Despite a 7.55% year-on-year decline in June exports, the annual figure reflects resilience, supported by a shift in remittances to formal channels, which surpassed $30 billion for the first time. This influx, driven by a crackdown on informal money transfers, bolstered foreign exchange reserves, aiding export stability.

Posts on X echoed this sentiment, noting the export growth as a sign of economic adaptability amid geopolitical tensions and a global slowdown. However, some users raised concerns about sustainability, citing ongoing labor disputes in the garment industry, though these claims lack verification.

The export surge, coupled with a 3.97% GDP growth, aligns with regional projections and highlights Bangladesh’s ability to navigate economic headwinds.

Published in SouthAsianDesk, July 3rd, 2025

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