Bangladesh's exports rose 11.44 percent year-on-year to $4.25 billion in March, driven by strong and consistent growth in the readymade garment (RMG) sector, the country's top export earner.

With this, total export earnings stood at $37.19 billion in the first nine months of the current fiscal year, reflecting a 10.63 percent rise from $33.61 billion in the same period a year ago, according to data released by the Export Promotion Bureau (EPB).

"Bangladesh's export sector has demonstrated a commendable performance," the EPB said in a statement.

During the July-March period of FY2024-25, RMG exports amounted to $30.25 billion, marking a 10.84 percent increase from the corresponding period last fiscal year.

In March alone, RMG shipments grew 12.40 percent year-on-year, rising to $3.45 billion from $3.07 billion.

"Beyond RMG, several other sectors also contributed significantly to overall export growth," the EPB said.

Exports of leather and leather goods, as well as light engineering products, posted notable growth, reflecting the diversification potential of Bangladesh's export basket.

"Home textiles, specialised textiles, and non-leather footwear showed moderate but positive growth," it added.

However, the jute sector remained largely stagnant, with minimal growth.

Meanwhile, exports of agricultural products—a promising emerging sector—declined 25.72 percent year-on-year, signalling the need for targeted interventions to reverse the trend.