After a slowdown in April, Bangladesh’s goods exports made a strong recovery in May, reaching $4.74 billion. This is the highest monthly export figure in 11 months and beats the previous record of $4.63 billion set in December.
According to the Export Promotion Bureau (EPB) data released on June 3, May exports jumped 57% compared to April. Year-on-year, exports were also up by 11.45%.
The low export earnings in April, just $3.01 billion, were due to factory closures during the Eid-ul-Fitr holidays, a gas supply crisis, and shipment delays caused by a sudden tariff increase by the Trump administration on US imports.
Despite uncertainty around future US tariffs the US is Bangladesh’s biggest export market exporters remain positive. Buyer inquiries for the coming months are encouraging, signaling likely continued growth.
From July to May of the current fiscal year, Bangladesh’s total exports reached $44.95 billion, up 10% from the same period last year.
Leather and leather goods sector grew by 35% compared to May 2024 touching $125.3 Million
