Bangladesh targets $65 bn from exports in FY26, $56.5 bn from goods

The FY26 export turnover target reflects a 17.22-per cent year-on-year (YoY) growth—17 per cent for goods and 18.67 per cent for services—over the estimated export earnings of $55.45 billion in FY25.

The Export Promotion Bureau (EPB) has initially proposed a FY26 export target of $63.5 billion, with $55 billion from goods, $8.5 billion from services and with an overall annualised growth of 14.52 per cent. The proposed growth rates in that estimate were 13.91 per cent for goods and 18.67 per cent for services.

However, the ministry of commerce revised the goods-export target to add another $1.5 billion by raising projections in key sectors like readymade garments (RMG), leather, jute and home textiles, according to a domestic media outlet.

In FY25, the country’s export turnover was an estimated $55.45 billion—$48.28 billion from goods and $7.16 billion from services—with a 8.48-per cent YoY growth.

The EPB has assessed that the RMG sector has to fetch $44.49 billion from exports in FY26—up by 13.07 per cent YoY. The knitwear sub-sector is projected to earn $23.7 billion—a 12.01-per cent YoY growth, while woven garments are expected to generate $20.79 billion, growing by 14.31 per cent YoY.

Apparel exporters, however, are concerned that the ongoing US tariff issue might affect the sector's growth if negotiations fail to secure a relatively favourable outcome.

The home-textile sector is targeted to generate $1.02 billion in FY26, with an expected growth of 17.03 per cent YoY, rebounding from a modest 2.42-per cent growth in FY25.

After contracting by 4.10 per cent YoY in FY25, the jute and jute goods sector has been allocated a target of $1 billion, eyeing a 9.73-per cent recovery.

With a proposed target of $1.25 billion, the leather and leather products sector is expected to grow by 9.16 per cent YoY, following 10.19-per cent growth in FY25, driven by diversification beyond raw leather.

ALCHEMPro News Desk (DS)