Submitted to: Assistant Professor Daffodil International University

Submitted by:

Sec: BCourse name: Economics for Textile EngineersAssignment topic:

 Date of Submission: 24.08.2016.

Mr. Asit Ghosh

Current & Future Train Bangladesh

131-23-3505; ID:

Bangladesh Imports 1976-2016Imports in Bangladesh increased to 287.10 BDT Billion in May from 254.13 BDT Billion in April of 2016. Imports in Bangladesh averaged 61.91 BDT Billion from 1976 until 2016, reaching an all time high of 287.67 BDT Billion in December of 2015 and a record low of 0.57 BDT Billion in November of 1976. Imports in Bangladesh is reported by the Bangladesh Bank.

Bangladesh imports mostly petroleum and oil (11 percent of the total imports); textile (10 percent) and food items (9 percent). Others include: iron and steel (7 percent), edible oil (4 percent), chemicals (4 percent), yarn and plastic and rubber articles (4 percent). In 2013, imports of rice grains decreased substantially mainly due to adequate domestic supply of rice during the period.. This page provides the latest reported value for - Bangladesh Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Bangladesh Imports - actual data, historical chart and calendar of releases - was last updated on August of 2016.

Last Reference Previous HighestImports 287.10 BDT Billion May/16 254.13 287.67Exports 197.75 BDT Billion May/16 187.48 211.99

Bangladesh Exports 1972-2016 Exports in Bangladesh increased to 197.75 BDT Billion in May from 187.48 BDT Billion in April of 2016. Exports in Bangladesh averaged 36.09 BDT Billion from 1972 until 2016, reaching an all time high of 211.99 BDT Billion in August of 2015 and a record low of 0.05 BDT Billion in February of 1972. Exports in Bangladesh is reported by the Bangladesh Bank.

Bangladesh key exports are garments including knit wear and hosiery (80% of exports revenue). Others include: jute goods, home textile, footwear and frozen shrimps and fish. This page provides the latest reported value for - Bangladesh Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Bangladesh Exports - actual data, historical chart and calendar of releases - was last updated on August of 2016.

MEMBERSHIP AND EMPLOYMENT

Source : BGMEA.

COMPARATIVE STATEMENT ON EXPORT OF RMG AND TOTAL EXPORT OF BANGLADESH

Data Source Export Promotion Bureau Compiled by BGMEA

VALUE OF TOTAL APPAREL EXPORTFISCAL YEAR BASIS

Data Source Export Promotion Bureau Compiled by BGMEA

VALUE OF TOTAL APPAREL EXPORTCALENDAR YEAR BASIS

Data Source Export Promotion Bureau Compiled by BGMEA

Bangladesh's RMG Export to World (FY13-14, FY 14-15 & FY15-16 )

Source: EPB, Compiled by: RDTI Cell, BGMEA

MAIN APPAREL ITEMS EXPORTED FROM BANGLADESH(VALUE IN MN. US$)

Bangladesh's RMG Export to World 2013 to 2015

Source: EPB, Compiled by: RDTI Cell, BGMEA

BANGLADESH'S RMG EXPORTS TO WORLD, FY 2014-15 & 2015-16Value in Million US$

India :

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization measures, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and served to accelerate the country's growth, which averaged fewer than 7% per year from 1997 to 2011. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services, business outsourcing services, and software workers.With 100 million consumer market India is one of potential market for Bangladesh Knitwear product in upcoming days. In FY 2009-10, Bangladesh exported only $2.54 million Knitwear product in India but in the following year it increased dramatically to $10.49 million with a growth rate of 312.99%. The trend of Export growth rate of Bangladesh Knitwear to India is positive and the average growth rate was 96.30% during last four years

http://atlas.media.mit.edu/en/profile/country/bgd/

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) launched a roadmap that outlines avenues and plans to achieve the target of US$ 50 billion from RMG exports by 2021.The book titled “Bangladesh RMG Roadmap: Targeting US$ 50 Billion Export by 2021” was unveiled at a program held in RMIT University, Melbourne, Australia on 29 July 2016. The roadmap was jointly prepared by BGMEA and RMIT University.BGMEA President Md. Siddiqur Rahman said that the roadmap would serve as a useful guideline to attain the RMG Vision 2021. Expressing his firm optimism he also said that with more than three decades of experience in RMG industry, entrepreneurial skills, huge workforce, and supports from the government policy and other stakeholders Bangladesh will be able to achieve the RMG export target of US$ 50 billion.

BGMEA launches Roadmap to achieve $50 bn RMG export