Prospect of Bangladesh As a Key Exporter of Wooden Furniture In The World Market

Abstract

For long Bangladesh has been heavily dependent on the Ready Made Garment (RMG) sector for export earnings and bulk employment. According to a report by The Dhaka Tribune, the export earnings from the RMG sector was $20.21 billion in the fiscal year 2018 and rose to $24.17 Billion in 2019. A whopping 83.4% (Source EPB) of total export earnings of Bangladesh comes from the RMG sector. Moreover, approximately 4.4 million people are employed in this sector of which 80% are women (Source WB). The data shows lack of diversity in production and export in Bangladesh.