The government has set an ambitious export target of $67 billion for goods and services for the current fiscal year.
This target, announced by Commerce Minister Tipu Munshi on Wednesday, shows an over 10 percent growth despite the volatility in the global economy owing to the Russia-Ukraine war.
The Minister pegged Bangladesh’s export achievements in the past financial year at $60.08 billion, 17.80 percent more than the target of $51 billion. These are, however, provisional figures.
In the previous fiscal year, Bangladesh earned $52.08 billion from export of goods against the target of $43.5 billion. It shows a 19.73 percent growth.
“Bangladesh made a record in export of both goods and services in the FY22 riding on raising consumption across the globe,” the Minister said.
The government has set 15 percent credit growth target in the current fiscal year.
The export target is 31.5 percent of GDP (gross domestic product), that’s the monetary value of final goods and services produced in a country in a given period).
The government will provide policy support to the private sector to achieve the export target, the Minister outlined.
