Bangladesh exports down by 65% in 2023
During 2023, Bangladesh exports declined by 65%. The main reason behind this is the lack of cargo infrastructure and low demand for RMG related goods which are the major exports of Bangladesh. As per Bangladesh export data , 90% of the country’s overall exports were ready made garments. Bangladesh readymade garments exports showed a slight growth of 1.8% and is estimated to be around $25 billion during 2023. These mainly include cotton t-shirts, jeans, jerseys, waistcoat, blazer, and various jute related articles. Bangladesh customs data shows that the country’s overall exports accounted for $60 billion in 2023. Jute related articles accounted for around $268 million in 2023. Also, there were some notable amounts of shipments recorded for Bangladesh’s Black cumin seed oil ($52 M), Palm oil ($18 M),Sweet biscuits ($16 M) exports. Among agricultural sectors, Bangladesh’s top exports items were strawberries, alphonso, watermelons, pomegranates, potatoes, cabbages, broc...