Enabling Export Diversification

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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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
EXPORT COMPETITIVENESS
DIVERSIFICATION
TECHNOLOGY ADOPTION
INFRASTRUCTURE NEEDS
BONDED WAREHOUSE
JOB CREATION
APPAREL INDUSTRY
ENVIRONMENTAL IMPACT
GREEN GROWTH
Online Access:http://documents.worldbank.org/curated/en/235211537422879242/Bangladesh-Policy-Notes-Enabling-Export-Diversification
http://hdl.handle.net/10986/30552
id okr-10986-30552
recordtype oai_dc
spelling 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

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