Bangladesh is the largest exporter among the LDCs  

Bangladesh is the largest merchandise exporter among the Least Developed Countries (LDCs), according to the latest statistics of the World Trade Organisation (WTO).

The data showed that the country’s total merchandise exports in 2016 stood at $34.95 billion.

Angola is the second largest merchandise exporter among the LDCs as the country’s annual export stood at $25.16 billion in the past year.

On the oil front, it is, however, the largest exporter among the LDCs followed by Myanmar and Equatorial Guinea.

The combined exports of the LDCs declined by 6 per cent in the last year and reached at $145.44 billion, according to the World Trade Statistical Review 2017 released by the WTO recently.

Bangladesh is also the largest importer among the LDCs, as per the WTO report. The country’s annual merchandise import stood at $41.49 billion in 2016.

As on the export, South African country Angola is the second largest importer followed by Myanmar, Ethiopia and Cambodia. The combined merchandise import of the LDCs declined by 3 per cent to $228.46 billion in 2016.

Currently there are 48 LDCs on the United Nations’ list, of which 36 have become members of the WTO.