Commerce Minister Tofail Ahmed revealed the target for FY 2014-15 in a press conference at the Export Promotion Bureau (EPB) on Monday afternoon.
According the government estimates, the readymade garment (RMG) industry will be able to fetch $27 billion in export earnings by the end of the current fiscal.
Earlier on Monday, the figures were finalised at a meeting between the commerce minister and representatives of export-focused industries bodies' including the BGMEA and BKMEA.
The FY 13-14 saw $5.58 billion worth of exports while in the previous fiscal it was $5.5 billion.
Bangladesh's export earnings surpassed the $30 billion mark for the first time in history in the just concluded FY 13-14.
According to figures by the EPB, exports stood at $30.18 billion during the last fiscal, rising by 11.65 percent from the previous fiscal.