Hope amid export slowdown

Amid a declining export trend from July to March 2026, exports increased in April compared to the previous year. Although the overall exports of Bangladesh stood at $39.40 billion, compared to nearly $40.20 billion during July 2024 to April 2025, exports in April were $4 billion, whereas they were $3 billion in April 2025.

This upward trend occurred mainly due to the improvement in the RMG sector, which is the heart of Bangladesh's exports. RMG exports up to April stood at around $32 billion, compared to nearly $33 billion in the same period of the previous fiscal year. Out of this, knitwear contributed around $17 billion, while woven garments accounted for about $15 billion. In April alone, RMG exports were around $3.14 billion, which supported the overall export growth.

If this trend continues, the export deficit may be reduced, and by the end of June, total exports could reach around $50 billion. Despite weak growth and an overall declining trend, maintaining almost a similar level to last year may still be considered a positive outcome for Bangladesh, especially as the global economy and political situation remain unstable due to ongoing conflicts.

Moreover, the utility crisis caused by fuel scarcity may pose a major challenge in the near future, potentially disrupting growth. Therefore, this is the time to maintain stability by emphasising export diversification, including jute, leather, agro-products, pharmaceuticals, and ICT services.

Kawsik Azad Pronoy

A Banker