Question

Question: Describe "Bangladesh" exports - (2000 - 2019)

Note: Please write a 2 or more paragraph

Answer 1

Bangladesh Exports-2000-2019

"Bangladesh is worlds 2nd biggest apparel exporter after China-garments including knit wear -80% exports revenue"

The United States of America is the single largest importing country of bangladeshi products -about 56.5% of the exported apparel items go to the USA and 27.8% to the Europen Union.During last three decades Bangladesh has moved from jute products to ready made garments(RMG)products into exports.So exports of bangladesh depends on growth of RMG demand in America and Europen Union markets.

2000-2019

The Financial crisis in the USA in 2007 soon causes a full-scale economic recession in the western world from the 2nd half of the 2008,the crisis reduced the import demand of the west,which was supplied by developing countries including Bangladesh-the crisis leads the country into a sharp reduction in growth rate -the export declined in this period.In 2009 Bangladesh achieved its positive growth in woven garment exports.2010 RMG products constituted more than 90% of the total exports of Bangladesh to United States.2008-2009 bangladesh increased its market share from 8.0% to 8.9%.In 2003 Canada introduced a new GSP scheme that granted export products of LDCs- duty free access to the Canadian markets-this increases the RMG exports of bangladesh now Canada is largest destination of Bangladeshi apparels after USA&EU-and also Canada is the 2nd largest importer of Bangladeshi products.

"Bangladesh has one of the lowest monthly minimum wages world wide"

In 2019 bangladesh's total exports reaches high it means its economy has been able to sustain strong growth and its net exports growth was positive.In 2001 exports was 5.99 Billion USD and in 2012 it was 24.30 Billion USD in 2018 Bangladesh exported a total of 44.9 Billion USD.It makes the country 54 exporter in the world-in 2013 it was 30.9 Billion USD.So these are the Bangladesh exports report between 2000-19,at this period they mainly exported RMG products to USA and EU etc. Thank you;