Bangladesh's exports rise to $5.13b in January
Bangladesh has earned more than $5.0 billion from exports for a third consecutive month in January, beating the expectations of businesses.
Exports increased 5.89% year-on-year to $5.13 billion in January, according to the data released by the Export Promotion Bureau (EPB) on Thursday.
However, the figure was below the target of $5.25 billion set by the Bangladesh government.
Bangladesh earned over $5 billion in November and December, with the December figure of $5.37 billion being the highest in the country’s history.
The country fetched about $32.45 billion in the first seven months of the 2022-23 fiscal year, a 9.81% jump from a year earlier.
Garment owners, whose exports account for the vast majority of Bangladesh’s earnings from abroad, have warned for the past four months that high inflation in Europe and America would cut into their sales.
Garment exports rose to $27.42 billion in the July-January period, 14.31% higher from a year earlier, beating the $26.17 billion target, EPB data shows.
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