The export sector experienced a robust recovery in January, showcasing an impressive 11.45% year-on-year increase, reaching $5.72 billion. This growth can be attributed to a significant rise in the shipment of garments and various other merchandise.
According to the latest data released by the Export Promotion Bureau (EPB), the cumulative export earnings for the period of July to January also demonstrated a positive trend, recording a 2.52% year-on-year growth, totaling $33.26 billion.
Despite these positive indicators, the January earnings fell slightly short, standing at 0.69% below the monthly target of $5.76 billion, as per the EPB data. Furthermore, the cumulative earnings from July to January were 7.28% lower than the set periodic target of $35.87 billion.
