Bangladesh earned US$ 27.02 billion in the last fiscal (2012-13) by exporting 705 items to 192 destinations across the world.
Commerce Minister Tofail Ahmed informed this in Parliament while replying to a starred question of Mahmud Us Samad Chowdhury (Sylhet-3).
Tofail said that the post-independent Bangladesh started to export with only 25 items in 68 countries and earned US$ 348 million in its first fiscal year.
“In the last 43 years, the average growth of export was 12.19 percent,” he added.
He informed that as per a calculation of the WTO in 2010, Bangladesh was the 70th ranked exporting country and 77th business nation.
The Commerce Minister, however, said that although the country’s export is significant, but the base of the export is not strong till now.
He mentioned that the country’s export is based on limited number of products, markets and production areas which are very vulnerable considering the socio-economic condition of the country.
“This can bring disaster at any time in the country’s economy,” Tofail said.
He also mentioned that the government has taken various steps to increase the country’s export.
Source: UNB Connect
