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The government is set to fix the country's goods export earnings target at $39 billion for fiscal year 2018-19, officials said.
It is 6.36 per cent higher than the $36.66 billion earnings target in the just-concluded FY 2017-18, they added.
The government is going to fix the total export earnings target at $43.6 billion including $4.6 billion from services.
The target will be set in a meeting with stakeholders scheduled to be held today (Wednesday) at the commerce ministry, they said.
"Taking the global economic scenario into consideration, the government is going to set goods and services export targets at $39 billion and $4.6 billion respectively for the current fiscal year," a commerce ministry official said.
Earlier, the state-owned Export Promotion Bureau (EPB) had proposed setting the country's goods and service export target at $44.50 billion for FY 2018-19.
The EPB proposal included a $40.0 billion goods export target and $4.50 billion from the services sector.
The commerce ministry later asked the EPB to revise its proposed export earnings target based on export performance of FY 18 as goods earnings fell short of the target set for the period.
The government is likely to set the export earnings target from readymade garments at $32.69 billion for FY 19, the ministry official said.
The target is 6.78 per cent higher than earnings of $30.61 billion in FY'18.
The export earnings target from knitwear and woven might be set at $16.15 billion and $16.54 billion, according to the EPB revised proposal.
Global demands and capacity of local suppliers have been taken into consideration before suggesting the target, the official added.