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Bangladesh Trade Data to Find top Exporters and Importers in Bangladesh

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:-

  • Importers and exporters name and contact details
  • Date of shipment
  • HS Code and product description
  • FOB value in Taka and USD
  • The unit rate in taka and USD
  • Quantity of shipment and unit quantity
  • Port of origin and country
  • Destination port and country
  • Mode of shipment (air, land, sea)

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:-

  • Machinery including computers (5.8 billion USD)
  • Cotton (5.4 billion USD)
  • Mineral fuels including oil (4.4 billion USD)
  • Electrical machinery, equipment (3.2 billion USD)
  • Iron, steel (2.9 billion USD)

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:-

  • China (21% of total imports)
  • India (12% of total imports)
  • Singapore (9% of total imports)
  • Hong Kong (5% of total imports_
  • Indonesia (4% of total imports)

Top Importers in Bangladesh are:-

  • Ahammed International
  • Sarker International Trading
  • Kabirzone
  • MA Business Center
  • Safeway Technology Ltd

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.

  • Knit or crochet clothing, accessories : (20.3 billion USD)
  • Clothing, accessories (not knit or crochet): (19.4 billion USD)
  • Footwear:(1.1 billion USD)
  • Miscellaneous textiles, worn clothing:(1 billion USD)
  • Paper yarn, woven fabric:(603.3 million USD)

According to the Bangladesh export data, footwear registered a growth of 9.1% in 2019.

The country’s biggest export partners are:-

  • United States of America (19.3% of total exports)
  • Germany(14.7% of total exports)
  • UK (11.0% of total exports)
  • Spain (5.8% of total exports)
  • France(5.5% of total exports)

Bangladesh top exporters are:-

· Advanced Chemical Industries 

· ASM Chemical Industries 

· Bangladesh Petroleum Corporation 

· Beximco Pharma 

· Dragon Group 

Seair Exim Solutions is one of the best market research and export import data provider firms in India. It offers updated, 100% genuine, and reliable global trade data of more than 80 countries of the world such as India, USA, Russia, Kenya, Mexico, Indonesia, Sri Lanka, Vietnam, Pakistan etc. Our major services are USA imports data, Indian import dataIndia export data, import data Indonesia, Vietnam export data, Russia customs data, Mexico trade data, Kenya shipment data etc. You can find various free resources related to import export business like HSN code list, HS code search, HSN code Finder, sac code list, sac code Search, custom duty in India, custom duty calculator, foreign ports, trading partners of India, GST rates in India, GST rates list and many more on our website –seair.co.in.

For free sample data report and free live demo data search

Phone No: +91-9990837766

Email Id- Info@seair.co.in

  • Seair Exim
  • 29-Oct-2020

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