With LDC graduation just around the corner, it is imperative that our economy, despite the numerous challenges that has arisen in the wake of the conflicts between Russia and Ukraine and Israel and Palestine, continues to grow from strength to strength. To that end, Bangladesh's recent achievement of a 12% year-on-year rise in exports is certainly positive news.
However, while this growth is significant, and continues the trend of Bangladesh earning over $5 billion in export earnings monthly for three consecutive months, there remain more questions than answers when the numbers are analyzed further.
Despite all the talk of export diversity, it is the country’s RMG sector that continues to be the major driver of export growth, and earned a year-on-year growth of close to 14%.
What is concerning, however, is that each and every other export sector continues to see negative growth in FY24 besides the RMG industry. Equally concerning is that despite the positive trajectory of our exports, we continue to meet the targets we have set for monthly exports.
Setting realistic export targets every month is crucial for maintaining this growth momentum. It allows exporters to plan effectively and manage resources efficiently. Moreover, setting achievable targets can help boost investor confidence and attract foreign investment, which are essential for sustaining long-term export growth.
To sustain our growth, it is not only essential to set realistic export targets every month but also address the lack of growth in our other sectors. This overreliance on the RMG industry is not a good look for a nation with our ambitions.
Thursday, June 04, 2026
