BD third largest LDC on exporting commercial services

FE Online Report | Published: August 24, 2018 18:30:59 | Updated: September 13, 2018 14:37:48


Bangladesh is the third largest exporter of the commercial services among the Least Developed Countries (LDCs).

The country exported commercial services worth $ 2.26 billion in the past year.

Word Trade Statistical Review-2018, released by the World Trade Organisation (WTO) last month, unveiled the scenario.

The country’s share in world total export stood at 0.04 per cent in the past year while the ratio stood at 6.60 per cent for the LDCs total export of commercial services.

Commercial services are total services minus ‘government goods and services, not included elsewhere.’

The major components of the services include transport, travel, other commercial services (i.e. insurance, financial service etc) and goods-related services.

Cambodia was the largest exporter of commercial services among the LDCs and the country exported commercial services worth $4.48 billion in the past year.

Tanzania was the second largest exporter of commercial services worth $ 3.83 billion in 2017.

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