Bangladesh earned over $5 billion from merchandise exports in November, a record income in a month thanks to a surge in the apparel exports, officials data show.
The November export earnings of $5.09 reported by Export Promotion Bureau on Thursday surpassed the previous monthly highest income of $4,098 billion in last June.
The $5.09 billion earned in November was 26 percent higher than the corresponding period of the previous fiscal year, said EPB.
The surge in the export earnings comes at a time when the Western countries, the main buyers of Bangladesh apparels, are fighting a depressed demand mainly due to energy crisis caused by Russia-Ukraine war.
This achievement raised hope of easing the growing foreign exchange crisis Bangladesh has been suffering since July this year.
On a positive trend, the export earnings in the first five months of FY23 grew by 11 percent compared to last year's corresponding period, the latest EPB data showed.
This is the first time Bangladesh’s export earnings crossed $5.0 billion in a single month as the manufactures, especially of apparels, received more orders from Western buyers and shipment of on-hold export consignments.
-20241021100302.jpg)
