Prospects of Export Diversification of Bangladesh: A Product-Level Analysis
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Keywords
Export diversification; Bangladesh; product-level analysis; export markets; export destinations.
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.
Published
Aug. 26, 2022
Issue
Volume 1 | Issue:1 - 2022
Licensing
This work is licensed under a Creative Commons Attribution Non-Commercial 4.0 International License.
This work is licensed under a Creative Commons Attribution Non-Commercial 4.0 International License.
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