Spice Exports Surge By 25%

Bangladesh's tea exports jumped 57.55% in 2024, reaching 2.45 million kilograms and generating Tk45.96 crore in revenue. This marks a strong recovery from previous years when export volumes had dropped below 1 million kgs.

Following Bangladesh’s decision to ban yarn imports via five land ports—Benapole, Bhomra, Sonamasjid, Banglabandha, and Burimari, which previously handled 30% of India’s yarn exports—Indian producers are shifting toward waterways and sea routes.

Marico Bangladesh reported a 28% year-on-year profit growth in FY2024-25, reaching Tk 590.6 crore, driven by a 12% increase in revenue to Tk 1,630.93 crore and higher net finance income. The company’s earnings per share (EPS) rose to Tk 187.49 from Tk 146.23 in the previous year.

Bangladesh has launched its first-ever “Soy Month” to promote awareness of soybean’s nutritional and economic value, in collaboration with the US Soybean Export Council (USSEC). The initiative, inaugurated at BPICC headquarters, highlights soybean's role in food security, livestock development, and as a key protein source.

Bangladesh’s readymade garment (RMG) exports to the European Union (EU) soared by nearly 37% year-on-year to $3.69 billion in January–February 2025, supported by a 39% rise in shipment volumes. Despite this impressive growth, average unit prices fell by 1.46%, reflecting ongoing profitability challenges.

Bangladesh’s high import tariffs-averaging over 27%, nearly triple the global average-have long sparked debate but little reform due to concerns over revenue loss. With the country set to graduate from Least Developed Country (LDC) status next year, experts and business leaders stress the urgent need for tariff rationalisation to maintain export competitiveness.