Bangladesh Bank Training Academy Journal

Abstract

This paper investigates comparative advantage and the export potential for the major competing countries i.e. India, Sri Lanka, Vietnam, Pakistan, China, Cambodia and Turkey along with export potential sectors and products of Bangladesh. The Revealed Comparative Advantage analyzes the extent of comparative advantage between Bangladesh and its major competitors. The Export Potential Assessment identifies the export potential from Bangladesh to the world market. Apparel sector has the highest export potential sector in value terms. Currently, Bangladesh economy has focused on the large apparel sector that accounts for 80-90 percent of its export baskets. Most of the sectors and product potentials have already been utilized, especially in the EU–West Europe (Bangladesh’s export share 56 percent) and the USA (Bangladesh’s export share 17 percent) markets. The findings are expected to contribute to extract untapped export potential that may help to take next step by increasing the export voume to the respective potential markets as well as products.