Bangladesh’s exports rose for a fourth straight month in November as goods that had been stuck for the past three months were finally shipped.
The country’s merchandise exports grew by 21 percent year-on-year to $4.13 billion in October, mainly riding on increased garment shipments, according to data released by the Export Promotion Bureau (EPB) yesterday.
The Export Promotion Bureau (EPB) yesterday unveiled the export data for the July-September period of fiscal year 2024-25 and officially acknowledged that there was a $3.16 billion export data mismatch in the same quarter of the previous fiscal year.
The slowing growth of exports and slump in remittances is not good news. It is rather concerning as the latest data of the two major indicators shows that the pressure on the economy is likely to increase unless there is any rebound in inflows in the coming months.
The government is expecting the shrinking foreign currency reserves will buck the trend and hit $37.7 billion by June thanks to lower imports and budget support from development partners.
Bangladesh is missing out on at least 20 per cent of its export potential due to poor logistics and clearance services in the country’s ports and highways, according to various experts.
Bangladesh’s exports rose for a fourth straight month in November as goods that had been stuck for the past three months were finally shipped.
The country’s merchandise exports grew by 21 percent year-on-year to $4.13 billion in October, mainly riding on increased garment shipments, according to data released by the Export Promotion Bureau (EPB) yesterday.
The Export Promotion Bureau (EPB) yesterday unveiled the export data for the July-September period of fiscal year 2024-25 and officially acknowledged that there was a $3.16 billion export data mismatch in the same quarter of the previous fiscal year.
The slowing growth of exports and slump in remittances is not good news. It is rather concerning as the latest data of the two major indicators shows that the pressure on the economy is likely to increase unless there is any rebound in inflows in the coming months.
The government is expecting the shrinking foreign currency reserves will buck the trend and hit $37.7 billion by June thanks to lower imports and budget support from development partners.
Bangladesh is missing out on at least 20 per cent of its export potential due to poor logistics and clearance services in the country’s ports and highways, according to various experts.
