EconPapers    
Economics at your fingertips  
 

Export Competitiveness of Bangladesh Readymade Garments Sector:Challenges and Prospects

Md. Sajib Hossian, Rashedul Kabir and Enamul Hafiz Latifee ()
Additional contact information
Md. Sajib Hossian: Senior Assistant Secretary, Research & Development (R&D) Cell, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), Dhaka, Bangladesh
Rashedul Kabir: Senior Assistant Secretary, Research & Development (R&D) Cell, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), Dhaka, Bangladesh.

International Journal of Research in Business and Social Science (2147-4478), 2019, vol. 8, issue 3, 45-63

Abstract: The paper evaluates the competitiveness of Bangladesh Readymade Garments (RMG) sector in the global RMG market through Market share analysis using two-digit classifications of Harmonized System (HS)data for the period covering 2012 to 2016 to understand the actual condition of sector’s export comparison with its competitors. While Trade Entropy index has also been calculated to make an attempt to understand the geographical dispersion of export market scenario using two-digit classifications of HS data for the time period between 2006 and 2016. The findings of the paper based on market share analysis illustrate that Bangladesh’s RMG export share in the global market reached 7.50percentin 2016, a shot up by 2.73 percentage points, indicating an increase in export competitiveness, whereas China’s share declined to 33.75 percentin 2016, with an exception to 2013. During this period, Vietnam and India’s market share increased by 2.24, and 0.72 percentage points respectively, making them the 3rd and 6th largest RMG exporter in the world. Trade Entropyindex calculationindicates that the geographical diversification of Bangladesh’s RMG export has increased considering the value of the index, it has increased more than two times during this time period. But, in spite of increasing geographical diversification of the RMG sector market, itsexport is still heavily concentrated on two markets: the European UnionEU (28), and the United States of America (USA). The paper also provides a set of policyrecommendations that wouldbe helpful to both RMG sector stakeholders and policymakers to move forward the sector towards more export competitiveness. Key Words:Export Market, Export Competitiveness, Trade Entropy Index, Bangladesh, RMG Sector

Date: 2019
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/205/244 (application/pdf)
http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/205 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rbs:ijbrss:v:8:y:2019:i:3:p:45-63

Access Statistics for this article

International Journal of Research in Business and Social Science (2147-4478) is currently edited by Umit Hacioglu

More articles in International Journal of Research in Business and Social Science (2147-4478) from Center for the Strategic Studies in Business and Finance Istanbul Medipol University, School of Business. Contact information at EDIRC.
Bibliographic data for series maintained by Umit Hacioglu ().

 
Page updated 2019-07-22
Handle: RePEc:rbs:ijbrss:v:8:y:2019:i:3:p:45-63