Government aims for 15% export growth with trade agreements, business reforms, and stronger support for emerging export sectors.
Bangladesh government has set an ambitious export target of US$63.4 billion for the 2026-27 fiscal year, seeking to achieve 15% growth in both merchandise and service exports through expanded market access, trade agreements, and export diversification.
Announcing the target at a press briefing recently, Commerce Minister Khandakar Abdul Muktadir said the country aims to export $55.2 billion worth of merchandise and $8.2 billion in services despite persistent global economic uncertainty and geopolitical challenges.
The minister expressed optimism that Bangladesh’s export sector is well-positioned for renewed growth, supported by ongoing government initiatives to improve the business climate, facilitate investment, and streamline public services.
A major focus of the government’s strategy is strengthening international trade ties. Negotiations on Free Trade Agreements (FTAs) with South Korea and the United Arab Emirates (UAE) are in their final stages, while discussions with several other countries are expected to conclude this year. Bangladesh also plans to begin formal FTA negotiations with the European Union (EU) in the near future.
Recognizing the country’s heavy reliance on the ready-made garment (RMG) sector, which currently accounts for nearly 85% of total exports, the government is accelerating efforts to diversify its export basket. Priority sectors include leather and leather goods, footwear, shipbuilding, ship recycling, light engineering, and information technology (IT), with dedicated action plans expected to be rolled out soon.
Addressing concerns over the United States’ tariff policy, Muktadir noted that Bangladesh continues to benefit from the existing 10% tariff, with no additional duties imposed under the revised legal framework.
The minister also acknowledged that industrial production continues to face challenges due to gas shortages. To improve energy security, the government is expanding LNG import capacity through the installation of additional Floating Storage and Regasification Units (FSRUs).
Expressing confidence in achieving the FY27 export target, Muktadir cited policy continuity, business-friendly reforms, progress on FTAs, and growing confidence among international buyers as key drivers.
Commerce Secretary Md Ataur Rahman Khan and Export Promotion Bureau (EPB) Vice Chairman Mohammad Hasan Arif were also present at the briefing.
