Bangladesh’s overall export earnings rose by 17.72% year-on-year in December 2024, reaching US$4.63 billion, according to data from the Export Promotion Bureau (EPB). In December 2023, the country’s export earnings stood at $3.93 billion.

EPB data also revealed that between July and December, merchandise exports were valued at $24.53 billion, an increase from $21.74 billion during the same period the previous year.

The apparel sector, the largest contributor to exports, recorded a 13.28% growth during July–December in the 2024-25 fiscal year, with earnings amounting to $19.89 billion.

In December alone, the sector’s exports increased by 17.45% year-on-year. The sector contributed $19.89 billion during July to December FY25, compared to $17.57 billion in the preceding fiscal year.

Other key sectors, including leather and leather goods, agricultural products, home textiles, frozen and live fish, and plastic products, also exhibited positive growth during this period. However, exports of jute and jute goods experienced a decline.

Mohiuddin Rubel, former director of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), and additional managing director of Denim Expert Ltd, said “After successfully clearing our backlog by the end of this year, following the challenges faced in July and August, we are pleased to see improvements in our working environment. This positive shift is reinstating confidence among our valued customers.”

Recent reports indicate that buyers have conducted their New Year inventory assessments. Additionally, there are promising signs of gradual economic recovery in Europe and the USA, which are positively influencing the global economic landscape, he added.

“In the aftermath of the transformative period in July and August, our dedicated entrepreneurs have demonstrated resilience and commitment to supporting the economy, industry, and nation.”

“The collective efforts of our workforce, government, and stakeholders have been instrumental in navigating challenges, leading to favourable outcomes.”

Despite localised disturbances, various regions have shown remarkable resilience and determination to contribute to overall progress, according to Rubel.

“Notably, while the economies of Europe and the USA are showing signs of recovery, our export volume has increased.”

“However, there has been a decline in selling prices—by 4.92% in Europe since October and by 4.30% in the USA from January to October, based on import data records.”

Analysing export data reveals an increase in the number of exported items, though their overall value has decreased. This disparity highlights a concerning trend of declining product pricing, which necessitates a strategic approach to bridge this gap, he further said.

“Addressing this pricing challenge is crucial to fully capitalise on the current growth trajectory and ensure long-term viability in the market.”