Overseas Remittances Increase by $58 Million in First Five Days of November, Export Growth Slow

Staff Reporter | PNN

In the first five days of November, the country received $58.4 million in remittances, 38.6% higher than the same period last year ($42.1 million).

According to Bangladesh Bank, on November 5 alone, remittances reached $12.3 million. From July 1 to November 5 in the current 2025–26 fiscal year, remittances totaled $1,073.3 million, 14.7% higher than the same period last year.

In contrast, export growth in key foreign currency sectors has been slow. From July to October of this fiscal year, $1,614 million worth of goods were exported, a modest 2.2% increase from last year. Specifically, exports in October fell to $382 million, down 7.43% from the same month last year.

Remittances continue to play a crucial role in the country’s foreign currency inflows. In the 2024–25 fiscal year, remittances were $3,033 million, significantly up from $2,391 million in 2023–24.

Analysts say that while consistent remittance growth helps mitigate foreign currency shortages, slow export growth could pose long-term economic challenges.