Proceedings of ICLT 2022
Evaluating Trade Competitiveness Index of Myanmar Clothing Industry
Phone Lin; Narat Hasachoo; Nathapornpan Piyaareekul Uttama
School of Management, Mae Fah Luang University, Chiang Rai, Thailand; Healthcare Logistics Management Research Center, Mae Fah Luang University, Chiang Rai, Thailand; School of Management, Mae Fah Luang University, Chiang Rai, Thailand
International Conference on Logistics & Transport 2022, Krabi, Thailand, pp. 61-67
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Abstract
Garment sector is important for the Myanmar economy. We know that this sector is popular in Myanmar but we don’t know does it has the trade competitiveness or not in the world market. This study evaluates the trade competitiveness index of Myanmar in apparel and clothing industry compare to the global market. Data of top 25 clothing export countries from 2016 to 2020 are collected. Six indicators: trade openness, annual growth rate, RCA, trade competitiveness, export diversification and trade resilience are calculated. By using the Entropy method, weighting all indicators and get the trade competitiveness index. The results are analysed in term of five components: market penetration, export environment, cost competitiveness, product extension and quality and international trade resilience. The result shows that Myanmar's trade competitiveness ranks fifth among the top 25 garment export countries and it has strong competitiveness in this industry. Export strategy such as logistics, quality and diversification and trade resilience are suggested in order to maintain and enhance the competitiveness. Government and stakeholder of the Myanmar clothing industry can understand the current position of competitiveness via this paper. Based on the World Bank framework, we added international trade resilience component and trade resilience indicator to our research.
Keywords
trade competitiveness; apparel industry; entropy method; logistics; Myanmar
Citation
Phone Lin; Narat Hasachoo; Nathapornpan Piyaareekul Uttama (2022). Evaluating Trade Competitiveness Index of Myanmar Clothing Industry. Proceedings of the International Conference on Logistics & Transport (ICLT 2022), Krabi, Thailand, pp. 61-67.