The country’s export earnings declined by 0.58 percent year-on-year to $48.28 billion in the fiscal year ending June 30, according to provisional data released by the Export Promotion Bureau on Thursday.
Despite the annual decline, a strong rebound in June raised hopes for improved export performance in fiscal year 2026-27.
Exports had remained under pressure for most of the year, with weak performance during the first 11 months—from July 2025 to May 2026—ultimately dragging down overall earnings.
According to EPB estimates, geopolitical tensions, sluggish global demand, energy supply disruptions and rising international competition weighed heavily on export performance during the period.
Export earnings for FY2025-26 stood well below the government’s target of $55 billion.
However, despite multiple global challenges, the marginal decline from the previous fiscal year reflected resilience in the country’s export sector.
In June, the final month of FY2025-26, exports recorded nearly 26 percent growth compared with the same month a year earlier.
Goods worth $4.20 billion were exported in June 2026, up from $3.33 billion in June 2025.
The ready-made garment sector remained the key driver of export growth, earning $3.38 billion in June alone.
