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Chapter 1
1.1 Background of the study
The books say a lot about the raising consumption in emerging market and its implication for industrial countries but the real life scenario is quite different from what is written in the book. Our basic purpose was to relate the real life scenario and the concepts in the book. Throughout the study and making of this term paper we have come across various situations and conditions of business which was very much different from what we learn in the classroom. The observation tells about the rising consumption in emerging market and its implication for industrial countries. Our basic purpose is to identify the consumption rate of developing countries and developed counties try to establish their firms or industries in developing counties.

1.2 Objectives of the study
The main objective of the study is to show the next eleven country raising consumption and its implication for industrial countries. The study aims to help find the real reason behind the export and import. Moreover, it provides a source of information on the international business. The specific aims of the study are to:         Analyze the total consumption; Analyze the next 11 countries economy; Analyze the next 11 countries consumption rate; Next 11 countries emergency markets; The implication of industrial countries; Analyze the countries inflation; Finding inference; Suggestion regarding the problems.

1.3 Methodology
We have gone through renowned newspaper, wall- street journal and different websites and we have also used others secondary data from different related sources and analyze it.

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1.3.1 Sources of data

1.3.1.1 Secondary Data
We collected information about the rising consumption in emerging market and its implication for industrial countries from trade economy, wall street journal, forbs business, international business news and others websites.

1.4 Scope of the study
The observation focuses on the international business. It mainly covers the next 11 countries and how and why developed countries open their industry in developing countries. We accumulate the vital information about next 11 countries consumption rate and their emerging rate, export/ import and market data etc.

1.5 Limitation
We faced lots of problem to complete this term paper. We spent most of our time to prepare this term paper so that it looks better but also error free. First of all we have no primary data. Secondary data is only one requirement for completing our assignment. We cannot move without website. This was a huge limitation to our study. Another limitation was time constraint. It was possible to overcome the first obstacle through conducting several international websites such could not be done due to lack of time. Last but not the list constraint is that website information was not very much informative. But we hope and believe that we have succeeded to make a standard term paper at last after lots of struggling.

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Nigeria.31 BDT Billion in June of 2012 and a record low of 1742.40 BDT Billion in June of 2003.Raising Consumption in Next Eleven Countries and its Implication for Industrial Countries The Next Eleven countries are – Bangladesh. 2. Mexico. Bangladesh Consumer Spending averaged 4285. There raising consumption and its implication for industrial countries discuss in below. Pakistan. reaching an all time high of 15565.1 Bangladesh Consumer Spending in Bangladesh increased to 7376.00 USD Million in October of 2009.20 USD Million in April of 2013. Indonesia.80 USD Million in May of 2013 from 2079. Egypt. Philippines. Page 5 . jute goods (including Carpet). leather goods and tea.31 BDT Billion in 2012 from 6430. and Vietnam. reaching an all time high of 7376.22 BDT Billion in 2011. Bangladesh Exports averaged 3280. Others include: Shrimps. Iran. Bangladesh exports mainly ready made garments including knit wear and hosiery (75% of exports revenue). Turkey. This page includes a chart with historical data for Bangladesh Consumer Spending Exports in Bangladesh increased to 2538.25 USD Million from 1995 until 2013.20 USD Million in June of 2009 and a record low of 1024.63 BDT Billion from 2003 until 2012. South Korea. Exports in Bangladesh is reported by the Bangladesh Bank.

soybean and palm oil.Bangladesh main exports partners are United States (23% of total). India. Bangladesh imports mostly petroleum product and oil. machinery and parts. Japan and India.20 USD Million in August of 2009. Germany. This page includes a chart with historical data for Bangladesh Exports. iron and steel and wheat. France. reaching an all time high of 20291. Imports in Bangladesh decreased to 2841. Singapore and Japan. Indonesia.10 USD Million in April of 2013 from 2882.40 USD Million in June of 2009 and a record low of 1424. raw cotton. United Kingdom.80 USD Million in March of 2013. This page includes a chart with historical data for Bangladesh Imports Page 6 .23 USD Million from 1995 until 2013. Bangladesh main imports partners are China (17% of total). Bangladesh Imports averaged 4458. Imports in Bangladesh is reported by the Bangladesh Bank.

beverages and tobacco (4 percent). This page includes a chart with historical data for Egypt Exports.50 USD Million in March of 2013. Egypt Consumer Spending averaged 277473.00 EGP Million in June of 1980. India and Turkey. livestock and others fats (11 percent) and textiles (10. reaching an all time high of 2991. Exports in Egypt decreased to 2652.90 USD Million in April of 2013 from 2762. mainly cotton).63 USD Million in July of 1959. machinery and electrical appliances (4.20 USD Million from 1957 until 2013. This page includes a chart with historical data for Egypt Consumer Spending. France. Saudi Arabia.20 USD Million in June of 2008 and a record low of 12.2 Egypt Consumer Spending in Egypt increased to 1223200 EGP Million in 2012 from 1036000 EGP Million in 2011. reaching an all time high of 1223200.2.5 percent). The major exports are oil and other mineral products (32 percent of total exports).5 percent. Other exports include: base metals (5. agricultural products. Brazil and Argentina. Others include: United States.00 EGP Million in June of 2012 and a record low of 11410. Page 7 . chemical products (12 percent). exports account for about a quarter of GDP.03 EGP Million from 1980 until 2012. Major export partners are Italy. Spain. Exports in Egypt is reported by the Central Bank of Egypt. Consumer Spending in Egypt is reported by the Central Bank of Egypt. Egypt Exports averaged 454.5 percent) and foodstuff. In Egypt.

05 USD Million in July of 1957. livestock and foodstuff (24 percent. Egypt imports mainly mineral and chemical products (25 percent of total imports). Turkey. Italy. agricultural products.5 percent). artificial resins and rubber (6 percent) and vehicles and aircraft (5.80 USD Million in May of 2012 and a record low of 33. United States and India. machinery and electrical equipment (15 percent) and base metals (13 percent). Other imports include raw hides. Page 8 . Saudi Arabia. mainly wheat. Egypt Imports averaged 1045.Imports in Egypt decreased to 4705.90 USD Million in March of 2013. Main import partners are Germany.72 USD Million from 1957 until 2013.80 USD Million in April of 2013 from 5263.5 percent). paper-making products. textiles and footwear (9. China. This page includes a chart with historical data for Egypt Imports. maize and meat). wood. Kuwait and Lebanon. reaching an all time high of 6497. Imports in Egypt is reported by the Central Bank of Egypt.

20 IDR Billion in the first quarter of 2013 from 368212.03 Percent in June of 2009. industrial production measures the output of businesses integrated in the manufacturing sector of the economy.80 IDR Billion in the fourth quarter of 2012.11 Percent from 2004 until 2013. Page 9 .3 Indonesia Consumer Spending in Indonesia increased to 369310. In Egypt.Industrial Production in Egypt increased 6. This page includes a chart with historical data for Indonesia Consumer Spending. reaching an all time high of 369310.64 IDR Billion from 2000 until 2013.20 IDR Billion in February of 2013 and a record low of 210001. Egypt Industrial Production averaged 5.30 Percent in January of 2007 and a record low of -20.26 percent in April of 2013 over the same month in the previous year. Consumer Spending in Indonesia is reported by the Statistics Indonesia. This page includes a chart with historical data for Industrial Production in Egypt. reaching an all time high of 35. Indonesia Consumer Spending averaged 279367. Industrial Production in Egypt is reported by the Ministry of Planning. 2.20 IDR Billion in February of 2000.

Indonesia Imports averaged 2558. electrical equipment (10 percent). Major export partners are China (14 percent). clothes and footwear (6 percent) and wood and paper (5 percent). Exports in Indonesia is reported by the Badan Pusat Statistik Indonesia. This page includes a chart with historical data for Indonesia Exports.20 USD Million in April of 2013.Exports in Indonesia increased to 16073.89 USD Million from 1960 until 2013.80 USD Million in April of 2013. fats. Indonesia Exports averaged 3398.83 USD Million in August of 2011 and a record low of 30. Major exports are oil and gas (about 20 percent).5 percent).84 USD Million from 1959 until 2013. Others include: Singapore. Main import partners are China (19 percent). Others include: Thailand.00 USD Million in September of 1959.90 USD Million in May of 2013 from 14697.63 USD Million in May of 2013 from 16314. the United States (7. mineral fuels and oils (14 percent). exports have been an engine of growth in recent years. the United States (9. This page includes a chart with historical data for Indonesia Imports.5 percent) and Singapore (7 percent). Page 10 . Other exports include: rubber and rubber articles (5. iron and steel (5 percent) and vehicles (5 percent).5 percent) and India (8 percent). machinery (15 percent). In Indonesia. reaching an all time high of 18647. South Korea and Malaysia. Imports in Indonesia is reported by the Badan Pusat Statistik Indonesia. Malaysia and South Korea. Japan (15 percent).93 USD Million in October of 2012 and a record low of 21.00 USD Million in January of 1961. reaching an all time high of 17207. oils and waxes (11 percent) and electrical equipment and machinery (9 percent). Indonesia imports mainly oil and gas (around 22 percent of total imports). Imports in Indonesia increased to 16663. Japan (12 percent).

In Indonesia. Industrial Production in Indonesia is reported by the Badan Pusat Statistik Indonesia.40 Percent in May of 1998. mining. and utilities.76 Percent from 1994 until 2012.Industrial Production in Indonesia increased 16.50 Percent in January of 2001 and a record low of -25. reaching an all time high of 34. Page 11 . industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing. This page includes a chart with historical data for Indonesia Industrial Production.20 percent in December of 2012 over the same month in the previous year. Indonesia Industrial Production averaged 2.

fruits.20 Index Points in November of 2012.00 USD Million in December of 1986. . Iran Consumer Price Index (CPI) averaged 210. Others include: South Korea and Italy. accounting for 82 percent of the country’s export revenues. This page includes a chart with historical data for Exports in Iran. reaching an all time high of 390.2. Consumer Price Index (CPI) in Iran is reported by the Central Bank of Iran.90 Index Points in December of 2012 from 381. Exports in Iran increased to 144874 USD Million in 2011 from 112788 USD Million in 2010. This page includes a chart with historical data for Iran. Japan (9. Oil and natural gas are Iran’s most important exports. plastics.r. Of Consumer Price Index (CPI).4 Iran Consumer Price Index (CPI) in Iran increased to 390. reaching an all time high of 144874. Iran Exports averaged 33711. Other exports include chemicals. Of. the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. ceramic products and metals.97 USD Million from 1973 until 2011.80 Index Points in April of 2006.78 Index Points from 2006 until 2012. I. Iran’s main exports partners are: China (21 percent of total exports).90 Index Points in December of 2012 and a record low of 115.2 percent) and Turkey (9 percent).r. In Iran.00 USD Million in December of 2011 and a record low of 7171. Page 12 . I. Exports in Iran is reported by the Central Bank of Iran.

Imports in Iran is reported by the Central Bank of Iran. reaching an all time high of 77805.54 USD Million from 1973 until 2011.10 percent in 2010 over the previous year.00 USD Million in December of 2011 and a record low of 4788. transport vehicles (9 percent) and electrical machinery. Industrial Production in Iran is reported by the Statistical Centre of Iran. Iran Imports averaged 24858.00 USD Million in December of 1973.Imports in Iran increased to 77805 USD Million in 2011 from 75458 USD Million in 2010. tools and appliances (7 percent). chemicals and related products (11 percent). Others include: South Korea. This page includes a chart with historical data for Imports in Iran. Iran main imports are: non-electrical machinery (17 percent of total imports). Main import partners are: United Arab Emirates (31 percent of total imports) and China (17 percent). Iran Industrial Production Page 13 . Industrial Production in Iran increased 10. iron and steel (14 percent). Turkey and Germany.

reaching an all time high of 6839090.00 MXN Million in August of 2012 and a record low of 4849603. Mexico. This page includes a chart with historical data for Industrial Production in Iran.5 Mexico Consumer Spending in Mexico decreased to 6823614 MXN Million in the fourth quarter of 2012 from 6839090 MXN Million in the third quarter of 2012. This page includes a chart with historical data for Mexico Consumer Spending. 2. Mexico Consumer Spending averaged 5899149. industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing.88 MXN Million from 2003 until 2012.29 Percent in December of 1978. Consumer Spending in Mexico is reported by the Instituto Nacional de Estadística y Geografía. In Iran. mining. Page 14 .averaged 6.00 MXN Million in February of 2003.82 Percent in December of 1979 and a record low of -61.93 Percent from 1975 until 2010. reaching an all time high of 102. and utilities.

27 USD Million in October of 2012 and a record low of 1225.54 USD Million in April of 2013. This page includes a chart with historical data for Mexico Exports.20 USD Million from 1980 until 2013. Imports in Mexico is reported by the Instituto Nacional de Estadística y Geografía. machinery and Page 15 .66 USD Million in April of 2013.65 USD Million in May of 2013 from 32860.64 USD Million from 1980 until 2013. Exports in Mexico is reported by the Instituto Nacional de Estadística y Geografía. In recent years. Mexico main imports are: metallic products. Mexico´s main export partner is the United States (78 percent) followed by Canada (3 percent). Other exports include: oil and oil products (14 percent) and agricultural products (3 percent). Mexico Imports averaged 10994. the exports of automobiles and related products have been gaining importance and now accounts for 24 percent of total shipments.59 USD Million in February of 1980.Exports in Mexico decreased to 32835. Mexico Exports averaged 10756. Imports in Mexico decreased to 33305.57 USD Million in May of 2013 from 34087. Mexico has an export oriented economy.02 USD Million in January of 1983. reaching an all time high of 33919.84 USD Million in October of 2012 and a record low of 647. reaching an all time high of 35564.

Industrial Production in Mexico increased 0.82 Percent in March of 1983. Page 16 . In Mexico. mining products (13 percent). Mexico Industrial Production averaged 2. This page includes a chart with historical data for Mexico Imports. Main import partners are: United States (51 percent of total imports).35 Percent from 1980 until 2013.10 Percent in October of 1996 and a record low of -14.3 percent) and plastic and rubber products (6 percent).equipment (50 percent of total imports). Industrial Production in Mexico is reported by the Instituto Nacional de Estadística y Geografía. chemical products (6. reaching an all time high of 18. mining. and utilities. industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing. China (16 percent) and Japan (5 percent).50 percent in May of 2013 over the same month in the previous year. This page includes a chart with historical data for Mexico Industrial Production.

Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 95% of total exports. This page includes a chart with historical data for Nigeria Consumer Price Index (cpi).13 USD Billion in March of 2013 from 7.09 USD Billion in February of 2013. Nigeria Consumer Price Index (CPI) averaged 92. In Nigeria. Consumer Price Index (cpi) in Nigeria is reported by the Nigeria National Bureau of Statistics. reaching an all time high of 10.00 USD Billion in February of 2002. Nigeria Exports averaged 5. Brazil (6. Equatorial Guinea (8%). Exports in Nigeria is reported by the Central Bank of Nigeria. Exports in Nigeria increased to 8. the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. France (6%) and India (6%).2.26 USD Billion in May of 2008 and a record low of 1. reaching an all time high of 144.00 Index Points in March of 2004. Page 17 .02 USD Billion from 2002 until 2013.80 Index Points in April of 2013 from 144 Index Points in March of 2013.6%). Nigeria's main exports partners are: USA (30% of total in 2009). This page includes a chart with historical data for Nigeria Exports.78 Index Points from 2004 until 2013.80 Index Points in April of 2013 and a record low of 54.6 Nigeria Consumer Price Index (cpi) in Nigeria increased to 144.

Main import partners are: China (17% of total). food and beverage (11%) and consumer goods. Industrial Production in Nigeria increased 0.3%). This page includes a chart with historical data for Nigeria Industrial Production.90 Percent in December of 2011 and a record low of 0.49 USD Billion in March of 2013 from 5. Imports in Nigeria is reported by the Central Bank of Nigeria.10 Percent in June of 2007. transport equipment and parts (23%). reaching an all time high of 14. In Nigeria.Imports in Nigeria decreased to 5. France and Belgium.47 USD Billion in December of 2002. Nigeria Industrial Production averaged 3.05 Percent from 2007 until 2013.70 percent in the first quarter of 2013 over the same quarter in the previous year. United States (7.71 USD Billion in February of 2013.79 USD Billion from 2002 until 2013. Page 18 . National Bureau of Statistics. Albania (11. mining. Nigeria imports mainly: industrial supplies (32% of total). This page includes a chart with historical data for Nigeria Imports. reaching an all time high of 7.52 USD Billion in August of 2011 and a record low of 0. capital goods (24%).5%). Nigeria Imports averaged 2. Industrial Production in Nigeria is reported by the Central Bank of Nigeria. and utilities. industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing.

Afghanistan (9.93 PKR Million from 2000 until 2013. Exports in Pakistan is reported by the Pakistan Bureau of Statistics. Main export partners are: United States (15 percent of total exports).7 Pakistan Consumer Spending in Pakistan increased to 7990018 PKR Million in 2013 from 7684057 PKR Million in 2012.00 PKR Million in June of 2013 and a record low of 2884021. Pakistan main exports are: cotton and knitwear (28 percent of total exports). carpets and rugs (8 percent) and rice (8 percent). This page includes a chart with historical data for Pakistan Exports.19 PKR Million from 1957 until 2013. sports goods and fruits and vegetables.2. Exports in Pakistan increased to 216588 PKR Million in June of 2013 from 213978 PKR Million in May of 2013. China (9 percent). Page 19 . United Kingdom (3 percent) and Germany (2 percent).5 percent). Pakistan Exports averaged 29212. reaching an all time high of 7990018. Consumer Spending in Pakistan is reported by the State Bank of Pakistan. United Arab Emirates (10 percent). reaching an all time high of 216588 PKR Million in June of 2013 and a record low of 51 PKR Million in April of 1958. bed wear. This page includes a chart with historical data for Pakistan Consumer Spending. Others include: leather. fish. Pakistan Consumer Spending averaged 4169760.00 PKR Million in June of 2000.

Page 20 . reaching an all time high of 427531 PKR Million in May of 2013 and a record low of 96 PKR Million in April of 1959. industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing. This page includes a chart with historical data for Pakistan Imports. chemicals (16 percent).36 Percent from 2011 until 2013. machinery and transport equipment (18 percent). China (15 percent). Pakistan main imports are: fuel (40 percent of total imports). mining. India and United States. Japan. food and animal or vegetable oils (13 percent) and manufactured goods (12 percent). Pakistan Industrial Production averaged 2. In Pakistan. reaching an all time high of 9. Imports in Pakistan is reported by the Pakistan Bureau of Statistics. Saudi Arabia (11 percent) and Kuwait (9 percent). Main import partners are: United Arab Emirates (17 percent).00 Percent in October of 2011. Others include: Malaysia. Pakistan Imports averaged 48129.32 Percent in March of 2013 and a record low of -2.96 PKR Million from 1957 until 2013. Industrial Production in Pakistan is reported by the Pakistan Bureau of Statistics. and utilities. Industrial Production in Pakistan increased 4.Imports in Pakistan decreased to 388358 PKR Million in June of 2013 from 427531 PKR Million in May of 2013.76 percent in April of 2013 over the same month in the previous year. This page includes a chart with historical data for Industrial Production in Pakistan.

reaching an all time high of 1143449. The country is also a major exporter of electronic products like processors. China (12 percent). wiring sets (3 percent).00 PHP Million in February of 2013 and a record low of 583959. This page includes a chart with historical data for Philippines Consumer Spending. Thailand (5 percent) and Germany (4 percent). Page 21 . apparel and clothing. metal components (3 percent). United States (15 percent). bananas. Philippines is the world’s largest producer of coconut. Consumer Spending in Philippines is reported by the National Statistics Coordination Board of Philippines. pineapple and abaca (more than 7 percent of total exports revenues). Other exports include: woodcrafts and furniture (5 percent). Exports in Philippines increased to 4890848 USD Thousand in May of 2013 from 4121281 USD Thousand in April of 2013. reaching an all time high of 5340847 USD Thousand in September of 2010 and a record low of 23000 USD Thousand in October of 1957.02 USD Thousand from 1957 until 2013.00 PHP Million in February of 1998.64 PHP Million from 1998 until 2013. petroleum products and tuna. Philippines Consumer Spending averaged 830878. Singapore (8 percent). Exports in Philippines is reported by the National Statistics Office (NSO).8 Philippines Consumer Spending in Philippines increased to 1143449 PHP Million in the first quarter of 2013 from 1133431 PHP Million in the fourth quarter of 2012. Hong Kong (9 percent). Main export partners are: Japan (28 percent of total exports). This page includes a chart with historical data for Philippines Exports. chips and hard drives (over 40 percent of exports).2. Philippines Exports averaged 1258737.

Philippines main imports are: fuel (25 percent). iron ore and metal scrap (4 percent) and cereals (3 percent). Industrial Production in Philippines is reported by the NSO Philippines. South Korea (9 percent). Philippines Industrial Production averaged 9. Page 22 . Main import partners are: United States (11 percent).60 Percent in January of 2009. Industrial Production is measured by the Value of Production Index (VaPI) of the manufacturing industry. China (11 percent). Japan (10 percent). Taiwan (8 percent).47 USD Thousand from 1957 until 2013. This page includes a chart with historical data for Industrial Production in Philippines. industrial machinery (5 percent). reaching an all time high of 5882358 USD Thousand in July of 2008 and a record low of 37084 USD Thousand in February of 1963.32 Percent from 1986 until 2013. In Philippines. Imports in Philippines is reported by the National Statistics Office (NSO).Imports in Philippines increased to 5141404 USD Thousand in April of 2013 from 4921837 USD Thousand in March of 2013.60 Percent in April of 1988 and a record low of -26. reaching an all time high of 68. Industrial Production in Philippines increased 9.70 percent in May of 2013 over the same month in the previous year. transport equipment (7 percent). Philippines Imports averaged 1487889. Thailand (6 percent) and Singapore (6 percent). This page includes a chart with historical data for Philippines Imports. electronic products (25 percent).

Turkey's main export partners are European Union.70 TRY THO in the fourth quarter of 2012.70 TRY THO in the first quarter of 2013 from 19842396. Consumer Spending in Turkey is reported by the Turkish Statistical Institute. automotive.00 TRY THO in February of 1999.9 Turkey Consumer Spending in Turkey decreased to 19550316. Turkey is also one of the leading shipbuilding nations. white goods and chemicals and pharmaceuticals.2. iron and steel. United States and Russia.22 USD Million in November of 2012 and a record low of 7. Turkey major exports are: textiles and clothing. Page 23 . reaching an all time high of 13755. reaching an all time high of 20784965. Turkey Exports averaged 2163.37 USD Million from 1957 until 2013.10 USD Million in August of 1958.60 TRY THO from 1998 until 2013. Turkey Consumer Spending averaged 15400895.59 USD Million in May of 2013 from 12492.00 TRY THO in August of 2011 and a record low of 10371420. Exports in Turkey increased to 13315.03 USD Million in April of 2013. This page includes a chart with historical data for Turkey Consumer Spending. Exports in Turkey is reported by the Turkish Statistical Institute. This page includes a chart with historical data for Turkey Exports.

In Turkey. Turkey Imports averaged 3455. chemicals. Italy. Turkey Industrial Production averaged 4.79 USD Million in May of 2013 and a record low of 15. reaching an all time high of 23208. fuels and transport equipment. France). mining.68 USD Million in April of 2013. Industrial Production in Turkey is reported by the Turkish Statistical Institute. Turkey imports mainly machinery. China and United States. Page 24 . semi-finished goods. This page includes a chart with historical data for Turkey Industrial Production. reaching an all time high of 25. industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing. and utilities.70 Percent in February of 2009. United Kingdom. Russia.58 Percent from 1986 until 2013. This page includes a chart with historical data for Turkey Imports.20 Percent in December of 2009 and a record low of -23. Its principal trading partners are European Union countries (Germany.Imports in Turkey increased to 23208. Industrial Production in Turkey increased 1 percent in May of 2013 over the same month in the previous year. Imports in Turkey is reported by the Turkish Statistical Institute.79 USD Million in May of 2013 from 22824.87 USD Million from 1957 until 2013.00 USD Million in August of 1958.

38 USD Million in May of 2013.75 USD Million in January of 1966. South Korea Exports averaged 10621.10 South Korea Consumer Spending in South Korea decreased to 141809 KRW Billion in the first quarter of 2013 from 142430. machinery (9 percent). Exports in South Korea decreased to 46710. This page includes a chart with historical data for South Korea Consumer Spending.22 USD Million from 1966 until 2013. reaching an all time high of 142430. reaching an all time high of 48950. Major exports are high-tech manufactured products like semiconductors (9 percent). Exports in South Korea is reported by the Ministry of Trade.90 KRW Billion in the fourth quarter of 2012.90 KRW Billion in November of 2012 and a record low of 12556.23 KRW Billion from 1970 until 2013. ships (7 percent).11 USD Million in July of 2011 and a record low of 14. Industry & Energy. LCD devices (5 percent) and wireless communication Page 25 .60 KRW Billion in February of 1970. Consumer Spending in South Korea is reported by the Bank of Korea. South Korea Consumer Spending averaged 66862. South Korea has an export oriented economy.10 USD Million in June of 2013 from 48363.2. automobiles (9 percent).

semiconductors (6 percent) and natural gas (5 percent). South Korea Imports averaged 10164. Imports in South Korea is reported by the Ministry of Trade. South Korea Industrial Production averaged 9. South Korea imports mainly oil (23 percent of total imports). Brazil and Paraguay. ASEAN (14 percent).95 USD Million in March of 2011 and a record low of 38.40 percent in May of 2013 over the same month in the previous year.77 USD Million in May of 2013. reaching an all time high of 45565. Other imports include coal. Industry & Energy. Japan (12 percent). Major export partners are China (25 percent of total exports). steel and iron ore. Imports in South Korea decreased to 40716.11 USD Million in June of 2013 from 42447. ASEAN (10 percent) and Australia (5 percent). This page includes a chart with historical data for South Korea Imports. Main import partners are China (16 percent of total imports). Others include: the European Union (9 percent).54 USD Million from 1966 until 2013. Other exports include: steel (7 percent) and petrochemicals (10 percent).61 USD Million in January of 1966. Others include: Japan. Industrial Production in South Korea decreased 1. the United States (10 percent) and the European Union (9 percent). This page includes a chart with historical data for South Korea Exports.devices (4 percent). India.89 Percent from 1976 Page 26 . United States (8 percent) and Saudi Arabia (7 percent). Industrial Production in South Korea is reported by the Korea National Statistical Office.

industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing.30 Percent in January of 2009. Exports in Vietnam decreased to 11000 USD Million in June of 2013 from 11675 USD Million in May of 2013.until 2013. and utilities. This page includes a chart with historical data for Vietnam Consumer Spending.55 VND Billion from 1990 until 2011.80 Percent in July of 1976 and a record low of -25. Exports in Vietnam is reported by the General Statistics Office of Vietnam. 2.11 Vietnam Consumer Spending in Vietnam increased to 1630143 VND Billion in 2011 from 1317588 VND Billion in 2010. Consumer Spending in Vietnam is reported by the General Statistics Office of Vietnam.00 VND Billion in June of 2011 and a record low of 37572. Vietnam Consumer Spending averaged 469259. reaching an all time high of 38. This page includes a chart with historical data for South Korea Industrial Production. mining. reaching an all time high of 1630143.00 VND Billion in June of 1990. Page 27 . In South Korea.

electronics and computers and rubber. This page includes a chart with historical data for Vietnam Imports. reaching an all time high of 12228 USD Million in May of 2013 and a record low of 740 USD Million in February of 1999. reaching an all time high of 11675 USD Million in May of 2013 and a record low of 700 USD Million in February of 1998. Imports in Vietnam decreased to 10720 USD Million in June of 2013 from 12228 USD Million in May of 2013. Industrial Production in Vietnam is reported by the General Statistics Office of Vietnam. Vietnam Industrial Production averaged 10. steel.50 percent in June of 2013 over the same month in the previous year. Imports in Vietnam is reported by the General Statistics Office of Vietnam. Taiwan. Vietnam exports mainly crude oil. Industrial Production in Vietnam increased 6.40 Percent in January of 2010 and a record low of -10. This page includes a chart with historical data for Vietnam Exports. petroleum. seafood.01 Percent from 2009 until 2013. Australia and Singapore.10 Percent in Page 28 . It's main exports partners are: United States.10 USD Million from 1990 until 2013. textiles. South Korea. Vietnam imports machinery tools and spare parts. China. reaching an all time high of 28. Vietnam's main imports partners are China.Vietnam Exports averaged 3751. Thailand and Singapore. rice. Vietnam Imports averaged 4129.27 USD Million from 1990 until 2013. fabrics and plastics. Japan. Japan.

Page 29 . mining. industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing. In Vietnam. This page includes a chart with historical data for Vietnam Industrial Production. and utilities.February of 2013.

Page 30 .

Mexico had the highest sum of private final consumption expenditure.  Of the N11 countries. the Philippines.6 million. 3.4% period growth. Between 1980 and 2008. Although varied both geographically and economically. Large populations represent a wide potential pool of consumers for businesses to target.9%.  In 2006. with 228. Iran. Egypt. Turkey and Vietnam.3. growing by only 1.2 Current consumer trends In 2007. Indonesia had the largest population as of January 2008.8% in 2006 owing to the Mexican economy's close links to the US economy. particularly in the housing sector. compared to 2.  All 11 countries demonstrate population growth rates above those of Western developed economies.9% in 2006. indicating greater consumer market potential over the medium term.8%. For example. Pakistan. South Korea. with the lowest being in South Korea. the N11 economies performed markedly differently. Mexican growth fell from 4.3% year-on-year. Indonesia. these 11 countries have features in common that are believed to single out their high economic potential:  All have large and growing populations. while high growth rates mean that this market will expand rapidly. with 28. with varying implications for consumer spending trends:  In 2007. Mexico.  These differing growth levels were led by country-specific factors.8 billion. Nigeria.9% and 8. for Mexico and Vietnam respectively.9 million people. totaling US$567 billion. while South Korea had the smallest at 47. real GDP growth varied between 2. providing proportionally more potential customers. which experienced decelerating growth in 2007 owing to a growing credit crisis. at US$36.1 Next 11 countries The N11 countries are Bangladesh. population growth was highest in Pakistan at 110. Page 31 . Vietnam had the lowest.

owing to its high level of industrialization and relatively stable macroeconomic fundamentals. and a surging tourism industry. they are not at the same level of economic development so consumer-focused businesses must target these markets in different ways:  The N11 countries can be categorized in two different ways: developing economies and newly industrialized economies. developing economies have lower standards of living than newly industrialized economies. while all the others except South Korea can be categorized as newly industrialized economies. with some industrial capacity. However. These are both 'emerging economies'. Iran. Vietnamese economic growth was fuelled by strong export figures. Bangladesh is an exporter of Page 32 . with high economic growth rates encouraging wage and job growth. By contrast. 3. By contrast. meaning that it was less affected by the slowdown in the USA. South Korea is a predominantly technological state.  Of the N11 countries. Nigeria. Vietnam benefited from a diversified export market. exporting manufactured goods and services expertise.  Consumer markets in Vietnam therefore possessed greater growth potential. while the former are still largely reliant on primary exports. while Mexico sent 85. differences in levels of growth mean that some highergrowth countries may prove more profitable for businesses. In 2006 Vietnam sent 22.8% of its exports to the USA. South Korea is the only N11 economy that could be categorized as a developed economy. particularly of textile goods. Sustained strong economic growth in the N11 countries is creating new consumer markets that can be targeted by businesses. but the latter have greater industrial capacity and are typically beginning to export heavy manufactured or refined products.8%.3 Targeting differences While the N11 countries share certain characteristics. Bangladesh. Pakistan and Vietnam can be categorized as developing economies. Typically.  For example. In addition.

which has the most skilled and well-paid population. owing in part to a lower skilled but larger population. while a lower income N11 state may be more suitable for targeting more basic consumer durables.primary goods while Nigeria is an oil exporter and an exporter of lower-level manufactured goods. 3. but are at different levels and will grow by varying rates in the long term. Consumer incomes in N11 countries are not necessarily comparable. PPP) Source: Euro monitor International from IMF.  In 2007. but also the significantly lower level of development in the country. at International $1.4 GDP per capita in N11 countries: 2007 (International $. figures adjusted for currency fluctuations) was the highest in South Korea. Nigeria had the lowest GDP per capita in 2007. with the population being significantly smaller than most of those of its N11 peers.328. This allows international businesses to target these markets for different products. Page 33 .  Sales of high-end consumer goods are therefore likely to be higher in a higher income country such as South Korea. GDP per capita (purchasing price parity.

which in many cases actively deters foreign investors. high oil prices (with oil touching US$100 per Page 34 . and the adherence of state and financial institutions to this code.3. the highest of the N11 countries.1 billion. although only Mexico and Iran are consistent net oil exporters. at US$20.  By contrast. Business environment is a major contributing factor for potential growth. affecting their relative attractiveness as an investment destination:  South Korea was ranked 30th out of 178 countries in the World Bank's 2007 Ease of Doing Business survey. heavily influenced by the US model. there are also factors that could hinder them from following the BRIC growth path:  Shifts in global commodity prices will affect the N11 producers of these commodities. restricting the potential for wage and job growth in those countries. This is due to its well-regulated tax and investment code. This reflects its authoritarian state-owned business environment. Turkey received the greatest amount of foreign direct investment of the N11 countries. all except South Korea are oil producers. 3. since investors can easily choose to invest elsewhere if operating environments are too difficult. offering few incentives for investment. and its consequent position as an export and re-export hub. Accordingly.5 N11 business environments The N11 countries are also different in their business environments. In other cases.  Iran is ranked the lowest at 135th.  In 2006. indicating its investor unfriendly business environment and also the economic sanctions imposed on it by the USA.6 Potential drawbacks While the N11 countries have significant growth potential. Iran received the least foreign direct investment. This reflected its unique role as a bridge between Europe and the Middle East. For example. the regulatory environment is opaque and arbitrary. at US$901 million.

and the domestic political situation could act to counteract the investment incentives offered by these countries.  Domestic political events may also restrict growth prospects. Vietnam. since their domestic supply will limit the amount of imported oil required. the USA and China are the main export markets. ongoing political instability in Pakistan and Bangladesh may deter investment. For example. with correspondingly negative implications for consumer spending growth. Page 35 .  A key factor for Iran will be the continuation of economic sanctions by the USA. and hence a higher import cost. This would limit the potential for economic growth. while the activities of terrorist groups in Indonesia.barrel in January 2008) will benefit Mexico and Iran in particular. For the N11 countries. Nigeria and Turkey could also act as a disincentive for growth.7 Future scenarios Both domestic and international factors will affect growth prospects for the N11 countries going forward:  Demand from key export markets will determine economic growth. particularly of export commodities. 3.  Those countries that are most stable – whether via democracy or dictatorship – will have better prospects for consistent growth. which would curtail growth. Mexico and Egypt. although the other producers will also benefit. These include South Korea. Both global market moves. China's economy will grow by 10%. Although US GDP growth is forecast to reach only 1.9% year-on-year in 2008 owing to ongoing concerns about poor credit. the Philippines.

Page 36 .

Appendix Taka In Crore Year Total Consumpt ion at current market price at BDT Gross Nation al Saving at Current Market price at BDT Total Investm ent at current market price GDP at Curre nt Marke t Price Gross Nation al Incom e at Curren t Marke t Price Gross Disposa ble National Income at Current Market Price 143116 161663 Consump tion as % of GDP at Current Market Price 199394 199495 199596 199697 199798 199899 199900 200001 200102 200203 2003- 117668 132497 25448 29166 24919 29161 13541 2 15251 8 139646 157169 86.59 82.84 244570 74752 70352 30058 0 33297 317163 319322 81.1 165323 180796 43587 49014 43303 48758 20017 7 21969 5 206674 227250 208910 229810 82.1 84.12 82 223596 64038 63239 27320 1 285744 287634 81.74 Page 37 .87 141540 151963 33554 38989 33254 37447 16632 4 18070 1 171278 186547 175095 190952 85.9 86.29 194691 207918 54761 56809 54587 58536 23708 6 25354 6 245799 262387 249452 264726 82.79 267927 84719 79991 350526 352647 80.

98 Page 38 .69 492338 199205 148841 61494 3 683231 691543 79.54 434971 164912 132132 54582 2 594212 599883 79.75 376317 135424 115590 47247 7 507752 511741 79.04 200405 296512 95804 90924 3 37070 7 389635 392316 79.99 200506 200607 200708 200809 331552 115036 102480 41572 8 442935 446588 79.