Bangladesh is in South Asia located in the Indian Subcontinent. Bangladesh has an agricultural economy. The country decided to adopt a policy of industrialization to combat poverty. Bangladesh has fertilizer factories, textile mills, sugar factories, glassworks, and aluminum work. It has concentrated on cottage industries to provide employment. Bangladesh is a member of SAARC (South Asia Association Regional cooperation). They have signed bilateral trade deals with India and with the EU. Bangladesh is a member of WTO and GATT. Bangladesh trade data shows that international trade 38.2% of the country’s GDP. The trade data revealed exports were 14.8% of the GDP while imports were 23.44% of the GDP.
Bangladesh Import export data is based on information collected from documents submitted to custom authorities. The database contains the following information:-
Bangladesh import-export data is vital business intelligence is a must for any trader wanting to do business in Bangladesh. It helps traders understand international markets. Data regarding trends helps them successfully predict changing customer preferences. Import-export data helps to take your business to improve profitability and returns. The data can help you understand the strategy of leading importing and exporters. Importers and exporters can explore new markets to sell or procure their products.
Bangladesh import-export data shows that Bangladesh exported 45.7 billion USD of goods in 2019. It imported 50.4 billion USD of goods in 2019. It has a negative trade balance of 4.7 billion USD in 2019. The trade balance as of June 2020 is -1.6 USD billion.
Bangladesh import data shows Bangladesh that imports decreased to 2.5 billion USD in July from 3.90 billion USD in June 2020. The imports slumped to 2.11 billion USD in April 2020 due to the fall in demand because of the Corona Virus pandemic. Bangladesh ranks 49th in global imports and is the largest importer of cotton in the world. Maximum imports were recorded in Jan 2019 when 5.543 million USD. The top imports in 2019 were:-
According to the import data, iron and steel showed the fastest growth of 4.8%. While cotton (-21.3%) and electrical machinery (-21%) showed a decline in imports.
The top import partners of Bangladesh are:-
Top Importers in Bangladesh are:-
Bangladesh export data shows 2.3 billion USD in June 2020. Meanwhile, May 2020 recorded esports of 1.2 billion USD. The average value of exports in Bangladesh is 549.6 million USD. The highest exports were recorded in July 2019 when exports rose to 3.3 billion USD. Bangladesh is second largest apparel exporter in the world.
According to the Bangladesh export data, footwear registered a growth of 9.1% in 2019.
The country’s biggest export partners are:-
Bangladesh top exporters are:-
· Advanced Chemical Industries
· ASM Chemical Industries
· Bangladesh Petroleum Corporation
· Beximco Pharma
· Dragon Group
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