IJMEBS
International Journal of

Management, Economics & Business Studies

(Open Access  |  Peer-Reviewed  |  Referred Journal)
ISSN [Online] 2643-9875 ISSN [Print] 2643-9840
Research Article

PROSPECTS OF EXPORT DIVERSIFICATION OF BANGLADESH: A PRODUCT-LEVEL ANALYSIS

Farha Fatema, Anina Islam

Volume 1 Issue-1 2022 | Article Info : 31-33
DOI Logo https://doi.org/10.56815/IJMEBS/2022.i1.04
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Abstract Show Abstract

This study explores the export diversification opportunities for the potential products from the different industries of Bangladesh. The study uses quantitative data from ITC Trade Map and Market Access Map. Fifty products are selected as the research sample, which is indicated by the 4-dight HS code. The total amount exported over the last five years (2015-2019) is collected to analyze the export performance of the selected products and rank them according to their higher export performance. Tariff data of 300 export destinations is collected and observed which market is more feasible to enter considering these countries’ lower tariff and tariff conditions. The findings indicate that the products' annual growth has increased significantly over the last 5 years, and the ad valorem tariff for the selected products is not too high for different destinations. Most of the Asian countries have applied lower tariffs. So, after considering the analysis on this topic, we can conclude that Bangladesh can export different products from various sectors in other export destinations.

Keywords

Export Diversification Bangladesh Economy International Trade Product-Level Analysis

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