“Impact of Handicrafts Exports on Foreign Exchange Earnings: A case study on Mongla Region”

Abstract

The handicrafts sector plays a significant role in Bangladesh’s economy, contributing not only to employment generation but also to foreign exchange earnings through exports. The Mongla region, known for its rich cultural heritage and skilled artisans, has emerged as an important hub for handicrafts production and export. Despite its potential, there is limited research on how handicrafts exports from Mongla contribute to the country’s foreign exchange inflow. This study investigates the impact of handicrafts exports on foreign exchange earnings in the Mongla region. Data was collected through structured questionnaires, interviews with local artisans, export business owners, and relevant government agencies. Quantitative data was analyzed using Excel and SPSS to identify trends, relationships, and challenges in the export process. The findings reveal that handicrafts exports from Mongla contribute positively to foreign exchange earnings, with key factors including international market demand, quality of products, and effective supply chain management. However, challenges such as limited access to finance, inadequate export infrastructure, and insufficient marketing support restrict the sector’s full potential. The study recommends targeted policies, skill development programs, and improved export facilitation to enhance the contribution of handicrafts to Bangladesh’s foreign exchange earnings. This research provides valuable insights for policymakers, exporters, and development agencies seeking to strengthen the handicrafts sector as a sustainable source of foreign exchange and economic growth.