Enabling Export Diversification
Bangladesh’s export growth has been remarkable. Bangladesh aims to generate $54.1 billion in export earnings by FY2020, a significant increase over the $35 billion earned in FY2015-16. The leading sector, textiles and apparels, usually referred to...
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2018
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okr-10986-305522021-05-25T09:18:53Z Enabling Export Diversification World Bank EXPORT COMPETITIVENESS DIVERSIFICATION TECHNOLOGY ADOPTION INFRASTRUCTURE NEEDS BONDED WAREHOUSE JOB CREATION APPAREL INDUSTRY ENVIRONMENTAL IMPACT GREEN GROWTH Bangladesh’s export growth has been remarkable. Bangladesh aims to generate $54.1 billion in export earnings by FY2020, a significant increase over the $35 billion earned in FY2015-16. The leading sector, textiles and apparels, usually referred to as ready-made garments (RMG), has created 4 million jobs overall and accounts for 82 percent of Bangladesh’s exports. RMG exports have shown signs of deceleration in the recent past but the momentum has picked up in FY2018. At the same time, several other less dominant but promising sectors are showing a positive export growth trend and could possibly drive export diversification and job creation in the future.However, the composition of the export basket has not changed much over the past two decades.Bangladesh’s HHI (Herfindahl-Hirschmann Index), that measures the level of sectoral concentration in exports is about five times that of other export-driven economies such as Thailand, China and Vietnam. During the last two decades, Vietnam expanded its export basket from agriculture to include machinery, footwear and electronics through national-level strategies and policy reforms to support specific sectors. However, Bangladesh continues to be primarily an RMG exporter. 2018-10-11T17:27:17Z 2018-10-11T17:27:17Z 2018-09-19 Report http://documents.worldbank.org/curated/en/235211537422879242/Bangladesh-Policy-Notes-Enabling-Export-Diversification http://hdl.handle.net/10986/30552 English Bangladesh Policy Notes; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Notes Economic & Sector Work South Asia Bangladesh |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English |
topic |
EXPORT COMPETITIVENESS DIVERSIFICATION TECHNOLOGY ADOPTION INFRASTRUCTURE NEEDS BONDED WAREHOUSE JOB CREATION APPAREL INDUSTRY ENVIRONMENTAL IMPACT GREEN GROWTH |
spellingShingle |
EXPORT COMPETITIVENESS DIVERSIFICATION TECHNOLOGY ADOPTION INFRASTRUCTURE NEEDS BONDED WAREHOUSE JOB CREATION APPAREL INDUSTRY ENVIRONMENTAL IMPACT GREEN GROWTH World Bank Enabling Export Diversification |
geographic_facet |
South Asia Bangladesh |
relation |
Bangladesh Policy Notes; |
description |
Bangladesh’s export growth has been
remarkable. Bangladesh aims to generate $54.1 billion in
export earnings by FY2020, a significant increase over the
$35 billion earned in FY2015-16. The leading sector,
textiles and apparels, usually referred to as ready-made
garments (RMG), has created 4 million jobs overall and
accounts for 82 percent of Bangladesh’s exports. RMG exports
have shown signs of deceleration in the recent past but the
momentum has picked up in FY2018. At the same time, several
other less dominant but promising sectors are showing a
positive export growth trend and could possibly drive export
diversification and job creation in the future.However, the
composition of the export basket has not changed much over
the past two decades.Bangladesh’s HHI (Herfindahl-Hirschmann
Index), that measures the level of sectoral concentration in
exports is about five times that of other export-driven
economies such as Thailand, China and Vietnam. During the
last two decades, Vietnam expanded its export basket from
agriculture to include machinery, footwear and electronics
through national-level strategies and policy reforms to
support specific sectors. However, Bangladesh continues to
be primarily an RMG exporter. |
format |
Report |
author |
World Bank |
author_facet |
World Bank |
author_sort |
World Bank |
title |
Enabling Export Diversification |
title_short |
Enabling Export Diversification |
title_full |
Enabling Export Diversification |
title_fullStr |
Enabling Export Diversification |
title_full_unstemmed |
Enabling Export Diversification |
title_sort |
enabling export diversification |
publisher |
World Bank, Washington, DC |
publishDate |
2018 |
url |
http://documents.worldbank.org/curated/en/235211537422879242/Bangladesh-Policy-Notes-Enabling-Export-Diversification http://hdl.handle.net/10986/30552 |
_version_ |
1764472329754116096 |