Welcome to Our Presentation Export and Import of Bangladesh Trends, Growth and Present Scenario • • • • Group F Level:2 Semester:1 Course Code: ECO 212 Course Title: Macro Economics This Photo by Unknown Author is licensed under CC BY-SA-NC Name ID Registration Fatima Firdaus Emu 2003096 09693 Md. Fazle Rabbi 2003097 09694 Pushpita Rani Kundu 2003099 09696 Tarakuzzaman 2003100 09697 Md. Samiul Islam 2003103 09700 Sumon Kumar Das 2003104 09701 Ripash Deowan 2003107 09704 Ashikur Rahman Asik 1903028 08808 Shanjana Ahmed Mukta 1903046 08826 Md. Abdullah Salauddin 1903048 08828 Kazi Imtiaz Ahmed Shazid 1903069 08849 Md. Siam Khan 1803085 08392 Arman Hossen Sifat 1803087 08394 Table of Content Introduction Objectives Justification Limitations Methodology Import Growth of Bangladesh from 2012 to 2022 Import trends of Bangladesh from 2012 to 2022 Present Scenario of Export of Bangladesh from 2012 to 2022 Export Growth of Bangladesh from 2012 to 2022 Export trends of Bangladesh from 2012 to 2022 Present Scenario of Import of Bangladesh from 2012 to 2022 Summary of the findings Conclusion Recomendation Name : Shanjana Ahmed Mukta (Group Leader) ID : 1903046 REG : 08826 The export and import sector in Bangladesh has been growing steadily over the past few years, and it is now considered one of the most important drivers of the country's economy. The main products that are exported from Bangladesh include ready-made garments, leather goods, jute and jute products, ceramics, chemicals, pharmaceuticals, and agricultural products and the main imports into Bangladesh include capital goods, raw materials, fuels, and consumer goods. Introduction In recent years, Bangladesh has been focusing on increasing its exports to other countries and has been able to establish strong trade relationships with countries such as China, India, the United States, and the European Union. The government of Bangladesh has been actively promoting the country as a hub for foreign investment and has taken several measures to support the growth of the export and import sector. Objective Analyze Analyze the export and import trends in Bangladesh over the last decade, including the major export and import products and their markets. Evaluate Evaluate the current growth rate of exports and imports in Bangladesh and its impact on the country's economy. Assess Assess the current status of Bangladesh's export and import sector and compare it to other countries in the region. Provide Provide recommendations to improve the performance of the export and import sector in Bangladesh and to increase the competitiveness of its products in the global market. Name : Fatima Firdaus Emu ID : 2003096 REG : 09693 Economic importance Trade balance Global competitiveness Justification Impact on industries Policy implications Name : Md. Fazle Rabbi ID REG : 2003097 : 09694 Limitations Data availability Methodological limitations Lack of focus on specific industries Period Lack of detailed analysis of trade agreements Name : Puspita Rani Kundu ID : 2003099 REG : 09696 This study is based on secondary data. In the 1st section, we find the major export and import products of Bangladesh. Methodology In the 2nd section, find the amount of money we spend on imports and earn money through export. In the 3rd section, we asked some personnel from the ministry of finance and some companies which are engaged with the export and import sector of our country. In the 4th and final section, we put all the data in our report to see the export and import of Bangladesh; Trends, growth and present scenario. Name : Tarakuzzaman ID REG : 2003100 : 09697 In Billion Export trends of Bangladesh from 2012 to 2022 50 45 40 35 30 25 20 Bangladesh's exports have increased from BDT 15 63.84 Billion in 2012 to BDT 368.03 Billion in 10 November 2022. The annual percentage growth 5 of exports of goods and services was 8.2% in 0 2020. In 2022, Bangladesh exported a total of $41.2B, making it the number 52 exporter in the world. 2012 2015 2017 In Billion 2022 Name : Md. Samiul Islam ID : 2003103 REG : 09700 Export Growth of Bangladesh from 2012 to 2022 • 2012: $24.5 billion billion 2015: $30.1 $36.9 billion 2018: 2020: $40.1 billion billion (projected). 2013: $27.7 billion 2016: $40.2 billion 2021: $43.0 billion 2014: $28.5 $34.3 billion 2017: 2019: $42.2 billion billion 2022: $45.5 In Billion 50 45 40 35 30 • The export of Bangladesh increased by 86% from 2012 25 to 2022, which is a remarkable achievement for the 20 country. The major export products of Bangladesh include readymade garments, leather goods, jute 15 10 products, frozen seafood, pharmaceuticals, and various other items. The country is also focusing on expanding its export market to new countries and diversifying its product portfolio to increase its export revenue. 5 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Series 1 Present Scenario of Export of Bangladesh from 2012 to 2022 The export scenario of Bangladesh has been steadily growing over the past few years. In 2021, the total export of Bangladesh was worth around $47.5 billion, an increase of around 10% compared to the previous year. The main exports of Bangladesh include readymade garments, leather goods, frozen foods, jute and jute goods, and pharmaceuticals. The export of readymade garments accounts for around 80% of the total export from Bangladesh, making it the largest contributor to the country's economy. Name : Sumon Kumar Das ID : 2003104 REG : 09701 Import trends of Bangladesh from 2012 to 2022 In Billion 16 14 12 • Bangladesh's imports mostly include petroleum and oil, textile, and food items. In 2021, Bangladesh imported goods and services worth $85,302 million US dollars. The top imports of Bangladesh are refined petroleum, raw cotton, 10 8 6 wheat, light rubberized knitted fabric, and heavy. In January 2022, the US trade balance with Bangladesh was -$551.9 4 million while in March 2022 it was -$1,021.8 million. 2 Imports of goods and services in the current US for 0 Bangladesh were $65.5 billion in 2020. 2012 2015 2016 2018 Series 1 2019 2022 Name : Ripash Deowan ID : 2003107 REG : 09704 Import Growth of Bangladesh from 2012 to 2022 • 2012: $45.22 billion 2013: $47.36 billion 2014: $49.84 billion 2015: $52.86 billion 2016: $58.32 billion 2017: In Billion 90 80 70 60 $61.06 billion 2018: $67.79 billion 2019: $70.60 billion 50 2020: $71.14 billion (affected by COVID-19) 2021: $78.80 billion (recovering from COVID-19 impact) 2022: $83.50 billion (projected) 40 30 • The import growth of Bangladesh has been consistently 20 increasing over the years, except for a dip in 2020 due to the 10 COVID-19 pandemic. However, it is expected to recover 0 and continue growing in the coming years. 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Series 1 Name : Ashikur Rahman Asik ID : 1903028 REG : 08808 Present Scenario of Import of Bangladesh from 2012 to 2022 From 2012 to 2022, Bangladesh experienced a significant increase in imports, reflecting the country's economic growth and increasing demand for imported goods. During this period, Bangladesh imported a wide range of products including raw materials, capital goods, consumer goods, and industrial supplies. In 2012, the total import value of Bangladesh was around $33.6 billion, which has increased significantly over the years, reaching $65.2 billion in 2022. The import scenario of Bangladesh has been positive and growing over the past decade, reflecting the country's economic growth and increasing demand for imported goods. Name : Md. Abdullah Salauddin ID : 1903048 REG : 08828 Exports Bangladesh's exports have been growing steadily over the past decade, with the primary exports being textiles and clothing, which account for around 88% of total exports. Other significant exports include leather goods, agricultural products, and frozen foods. Bangladesh's major export destinations include the United States, European Union countries, and Canada. Summary of the Findings The country's export growth has been fueled by the increasing demand for Bangladeshi products in global markets, as well as the government's efforts to support and promote the country's export sector. Imports Bangladesh's imports have also been growing steadily over the past decade, reflecting the country's economic growth and increasing demand for imported goods. Bangladesh primarily imports from China, India, and Singapore, accounting for over 50% of total imports. The government is taking steps to further facilitate trade and imports, including reducing trade barriers and improving the country's logistics infrastructure. In conclusion, both exports and imports have been growing in Bangladesh over the past decade, reflecting the country's economic growth and increasing demand for goods. Name : Md. Siam Khan ID : 1803085 REG : 08392 Bangladesh is an import-dependent country. We import most things from foreign countries, because some products which we can't produce in our country so we have to import them. By importing products we are losing a large amount of reserve money every year. Bangladesh exports mainly RMG, Frozen food products and Agricultural items. Conclusion These three sectors are around the most foreign exchange but on 2013 April 24 The Rana Plaza tragedy hampers hour biggest export sector. Exporting food products and agricultural products the lack of cold storage is one of the main barriers in that sector. Increasing the cold storage facility in that sector can also bring much foreign exchange. We can increase our export by increasing the number of products. There are many sectors which can contribute to our export income. The maritime sector is one of them. Name : Arman Hossen Sifat ID : 1803087 REG : 08394 Recommendations Export Recommendations for Bangladesh 1 Diversify the export basket 2 Enhance product quality and compliance 3 Strengthen trade ties with neighboring countries Import Recommendations for Bangladesh 1 Increase domestic production 2 Diversify import sources 3 Promote import substitution Thank You