IDEAS home Printed from https://ideas.repec.org/a/rbs/ijbrss/v8y2019i3p45-63.html
   My bibliography  Save this article

Export Competitiveness of Bangladesh Readymade Garments Sector:Challenges and Prospects

Author

Listed:
  • 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.)

  • Enamul Hafiz Latifee

    (Research Associate (Deputy Secretary), Trade Facilitation Department, Dhaka Chamber of Commerce and Industry (DCCI))

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

Suggested Citation

  • Md. Sajib Hossian & Rashedul Kabir & Enamul Hafiz Latifee, 2019. "Export Competitiveness of Bangladesh Readymade Garments Sector:Challenges and Prospects," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 8(3), pages 45-63, May.
    • Handle: RePEc:rbs:ijbrss:v:8:y:2019:i:3:p:45-63
    as

    Download full text from publisher

    File URL: http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/205/244
    Download Restriction: no
    File URL: http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/205
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. United Nations, 2016. "The Sustainable Development Goals 2016," Working Papers id:11456, eSocialSciences.
    2. World Bank, 2019. "Doing Business 2019," World Bank Publications - Books, The World Bank Group, number 30438.
    3. Karl Widerquist, 2018. "The Bottom Line," Exploring the Basic Income Guarantee, in: A Critical Analysis of Basic Income Experiments for Researchers, Policymakers, and Citizens, chapter 0, pages 93-98, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ishtehar Sharif Swazan & Debanjan Das, 2022. "Bangladesh's Emergence as a Ready-Made Garment Export Leader: An Examination of the Competitive Advantages of the Garment Industry," International Journal of Global Business and Competitiveness, Springer, vol. 17(2), pages 162-174, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Theresa Gehringer, 2020. "Corporate Foundations as Partnership Brokers in Supporting the United Nations’ Sustainable Development Goals (SDGs)," Sustainability, MDPI, vol. 12(18), pages 1-24, September.
    2. Fatoki Olawale, 2019. "Green Marketing Orientation and Environmental and Social Performance of Hospitality Firms in South Africa," Foundations of Management, Sciendo, vol. 11(1), pages 277-290, January.
    3. Sassi Boudemagh Souad & Korti Rafika, 2022. "Citizen Participation: A Matter of Competency," European Journal of Social Sciences Articles, Revistia Research and Publishing, vol. 5, July - De.
    4. Nurlan Orazalin & Mady Baydauletov, 2020. "Corporate social responsibility strategy and corporate environmental and social performance: The moderating role of board gender diversity," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1664-1676, July.
    5. Nahapetyan Yervand, 2019. "The benefits of the Velvet Revolution in Armenia: Estimation of the short-term economic gains using deep neural networks," Central European Economic Journal, Sciendo, vol. 6(53), pages 286-303, January.
    6. Ecker, Olivier & Hatzenbuehler, Patrick L. & Mahrt, Kristi, 2018. "Transforming agriculture for improving food and nutrition security among Nigerian farm households," NSSP working papers 56, International Food Policy Research Institute (IFPRI).
    7. Maria Björklund & Helena Forslund, 2019. "Challenges Addressed by Swedish Third-Party Logistics Providers Conducting Sustainable Logistics Business Cases," Sustainability, MDPI, vol. 11(9), pages 1-15, May.
    8. Olawale Fatoki, 2019. "Sustainability orientation and sustainable entrepreneurial intentions of university students in South Africa," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 990-999, December.
    9. Oliver Wagner & Thomas Adisorn & Lena Tholen & Dagmar Kiyar, 2020. "Surviving the Energy Transition: Development of a Proposal for Evaluating Sustainable Business Models for Incumbents in Germany’s Electricity Market," Energies, MDPI, vol. 13(3), pages 1-17, February.
    10. N'dri, Lasme Mathieu & Kakinaka, Makoto, 2020. "Financial inclusion, mobile money, and individual welfare: The case of Burkina Faso," Telecommunications Policy, Elsevier, vol. 44(3).
    11. Claudia Hanson & Sanni Kujala & Peter Waiswa & Tanya Marchant & Joanna Schellenberg, 2017. "Community-based approaches for neonatal survival: Meta-analyses of randomized trial data," WIDER Working Paper Series wp-2017-137, World Institute for Development Economic Research (UNU-WIDER).
    12. Eugenia Ganea & Valentina Bodrug-Lungu, 2018. "Addressing Inequality in Vocational/ Technical Education by Eliminating Gender Bias," Revista romaneasca pentru educatie multidimensionala - Journal for Multidimensional Education, Editura Lumen, Department of Economics, vol. 10(4), pages 136-155, December.
    13. Gallopín, Gilberto, 2018. "Back to the future," Energy Policy, Elsevier, vol. 123(C), pages 318-324.
    14. Pandey, Shanta, 2017. "Persistent nature of child marriage among women even when it is illegal: The case of Nepal," Children and Youth Services Review, Elsevier, vol. 73(C), pages 242-247.
    15. K. Thomas Liaw, 2020. "Survey of Green Bond Pricing and Investment Performance," JRFM, MDPI, vol. 13(9), pages 1-12, August.
    16. OGUNNOWO, Fatai Abiodun & Prof. F. A. OKWO & JULIUS, Deborah Nwanne, 2023. "Availability and Utilization of Security Facilities in Federal Tertiary Institutions of Enugu State, Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(5), pages 931-941, May.
    17. Ali Uyar & Cemil Kuzey & Merve Kilic & Abdullah S. Karaman, 2021. "Board structure, financial performance, corporate social responsibility performance, CSR committee, and CEO duality: Disentangling the connection in healthcare," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1730-1748, November.
    18. Paul L. G. Vlek & Asia Khamzina & Hossein Azadi & Anik Bhaduri & Luna Bharati & Ademola Braimoh & Christopher Martius & Terry Sunderland & Fatemeh Taheri, 2017. "Trade-Offs in Multi-Purpose Land Use under Land Degradation," Sustainability, MDPI, vol. 9(12), pages 1-19, November.
    19. Edamisan Stephen Ikuemonisan & Taiwo Ejiola Mafimisebi & Igbekele Amos Ajibefun & Adeyose Emmanuel Akinbola & Olanrewaju Peter Oladoyin, 2022. "Analysis of Youth’s Willingness to Exploit Agribusiness Opportunities in Nigeria with Entrepreneurship as a Moderating Variable," Businesses, MDPI, vol. 2(2), pages 1-20, April.
    20. Victor Kasulo & Rochelle Holm & Mavuto Tembo & Wales Singini & Joshua Mchenga, 2020. "Enhancing sustainable sanitation through capacity building and rural sanitation marketing in Malawi," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(1), pages 201-215, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbs:ijbrss:v:8:y:2019:i:3:p:45-63. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ssbffea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.