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Wednesday, May 6, 2020

The Foreign Trade of Bangladesh - Its Composition,...

The Foreign Trade of Bangladesh: Its Composition, Performance, Trend, and Policy Mohammad Mafizur Rahman Abstract Despite structural limitations in the Bangladesh economy, the export sector performed well throughout the 1990s. The export growth rate of Bangladesh was higher than that of the world and the SAARC countries. However, the balance of trade of Bangladesh was always in deficit and the trade deficit with India is huge. The export share of primary commodities has decreased while that of manufactured commodities has increased over the years. The growth rate of manufactured commodities is better than that of primary commodities. The import share of principal primary commodities has declined while that of principal industrial†¦show more content†¦In terms of positive growth, engineering products topped the list 25 (842.34%), followed by petroleum by products (215.45%), chemical products (50.95%), raw jute (34.89%), other products (20.77%), frozen food (16.55%), knitwear (13.34%), agricultural products (12.96%), jute goods (5.61%) and readymade garments (4.28%) (EPB, 2004). price index in this sector increased by 0.36% indicating a volume wise increase of 8.40% (EPB 2004). Exports Performance Compared to Imports The export earnings also continuously increased over the years with increased import payments. Though import payments are always higher than the export earnings in absolute terms, the percentage of Bangladesh‟s export to imports is improving gradually and in recent years has been quite impressive. In FY 1983-84 the value of Bangladesh‟s exports was US$ 811 million and the corresponding figure for Bangladesh‟s imports was US$ 2073 million that represents export/import ratio of 39.12%. The export-import ratio increased to 70.09% and 67.80%, respectively, in FY2001-02 and FY 2002-03 (EPB 2004). Exports of Primary and Manufacturing Commodities EPB (2004) reports that out of the total export earnings of US$ 6548.44 million during the FY 2002200,3 the share of primary goods stood at US$ 462.59 million and that of manufactured goods at US$ 6085.85 million i.e. 7.06% and 92.94%Show MoreRelatedRecent International Trade Scenario of Bangladesh Bop4939 Words   |  20 Pages[pic] Topic: Recent International Trade scenario of Bangladesh BOP Submitted To: Mr. Shantanu Kumar Roy Joint Director Foreign exchange policy department. Bangladesh Bank, Sylhet. Lecturer Department of Business Administration Metropolitan University, Sylhet. Submitted By: Mir Md. 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