Addressing trade imbalance

The growing trade imbalance of Bangladesh has become a serious economic concern. The widening gap between imports and exports poses long-term risks to the stability and sustainability of our national economy.

A major driver of this imbalance is the country's heavy reliance on imported raw materials, energy, and industrial goods, resulting in escalating import costs. Meanwhile, export earnings remain overly dependent on the readymade garment (RMG) sector, with little progress in diversifying into other industries. This overreliance on a single sector leaves our economy vulnerable to global demand fluctuations and external policy shifts.

Small and medium enterprises (SMEs) hold great promise in boosting export potential. However, many face significant challenges, including limited access to financing, inadequate infrastructure, and a lack of exposure to international markets. Without targeted reforms and support, the potential of SMEs will remain largely untapped.

To address this imbalance, strategic investments must be made in emerging sectors such as agriculture, pharmaceuticals, and information technology. Strengthening local industries can also reduce import dependency. Additionally, modernizing trade policies to attract foreign investment in diverse, export-oriented industries is essential.

This issue demands urgent and coordinated action from both government and business leaders to ensure a more balanced, resilient, and self-sustaining economy for Bangladesh.

Yana Islam Rifa

Bachelor of Business Administration

North South University