Exports surged in January, marking an impressive 11.45% year-on-year increase to reach $5.72 billion.

This growth is attributed to heightened shipments of garments and other merchandise.

Data from the Export Promotion Bureau (EPB) reveals that the overall July-January export earnings also experienced positive momentum, growing by 2.52% year-on-year, reaching $33.26 billion.

Despite the robust performance, the January earnings fell slightly short, standing at 0.69% below the monthly target of $5.76 billion, as per EPB data.

The cumulative July-January earnings figure was 7.28% lower than the set periodic target of $35.87 billion. Despite this, the steady increase in year-on-year earnings indicates a positive trajectory.

This rebound in exports is a significant economic driver, contributing to the overall resilience and growth of the country’s trade sector. Garments and other merchandise played a pivotal role in boosting the export figures, showcasing the diverse strength of the nation’s export portfolio.