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The analytical report highlights the importance of diversifying Bangladesh’s export base and provides valuable knowledge to take the country’s economy to the next level by better integrating priority sectors with global value chains. The study makes an attempt to identify the advantageous sectors with greater potential to diversify through assistance in the prioritization process, constraint analysis, and sector strategy development, along with policy recommendations. The analysis is based on data drawn from a wide array of secondary sources as well as insights taken from key stakeholders with deep sectoral knowledge. It deploys contemporary analytical tools, such as product-space and economic complexity, in identifying sector prospects in the global value chain. This knowledge piece also provides evidence-based insights and recommendations that will benefit policymakers and practitioners.