Govt sets $58 billion merchandise export target for FY23

The government today set a merchandise export target of $58 billion for the current fiscal year of 2022-23, which is 11.36 per cent higher than the actual receipts in the last fiscal year.

The export target for the services sector has been fixed at $9 billion.

Commerce Minister Tipu Munshi announced the goals at a press conference at his secretariat office in Dhaka.

"The target can be achieved as international buyers are placing work orders with Bangladesh even during the globally volatile situation," he said.

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Target more export, remittance

In the last fiscal year that ended on June 30, Bangladesh earned $52.08 billion from merchandise shipment, up 34.38 per cent compared to a year ago, according to the Export Promotion Bureau.

Another $8 billion was earned from services sector exports.