Abstract
Export and Import Behaviour of Bangladesh
Highlights
Bangladesh is encountered with chronic deficit in the balance of payments since independence in 1971
The export earnings is lagging behind import payments mainly due to lower volume of exports and deterioration in the terms of trade
Import equations both aggregated and disaggregated and export equations were estimated by using Ordinary Least Squares (OLS)
Summary
Bangladesh is encountered with chronic deficit in the balance of payments since independence in 1971. The yawning gap between export earnings and import payments is getting worse day by day. The export earnings is lagging behind import payments mainly due to lower volume of exports and deterioration in the terms of trade. Heavy dependence on imports and less exports turned the balance of trade situation of Bangladesh in the negative direction. The export base being limited to a very few traditional items is unlikely to form the basis of a sustained export drive. Jute as a major item in the export trade faces severe constraints from the side of both domestic supply (e.g., competition with rice) and foreign demand (e.g., competition from synthetics). The two other traditional items, i.e., tea and leather
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