BD Export Market

Bangladesh Export Market:  

Bangladesh an imagine explore developing country, to the east of India on the Bay of Bengal, is a South Asian country marked by lush greenery and many waterways, a peace of haven. The two sea ports of Bangladesh are Chittagong and Mongla using both export and import. There is a dry port situated in Dhaka known as Kamalapur ICD, the only ICD in the Country linked by Rail connection. There are three major international Airport, Hazrat Shajalal International Airport situated in Dhaka district, Shah Amanat International Airport in Chattogram, Osmani International Airport in Sylhet. Apart from above international transportation routes there are so many domestics high ways and rail way connected to the each and every districts. As per census of 2017, the population of Bangladesh is estimated 162.7 million, women are 81.3 million and men are 81.4 million making it one of the densely populated countries in the world. The people republic of Bangladesh is fully free and get freedom in 1971 whereas 80% people still then depending on agriculture. The apparel industry of Bangladesh started its journey in the 1980s and has come to the position it is in today. The readymade garments industry acts as a catalyst for the development of Bangladesh. The “Made in Bangladesh” tag has also brought glory for the country, making it a prestigious brand across the globe. Bangladesh, which was once termed by cynics a “bottomless basket” has now become a “basket full of wonders.” The country with its limited resources has been maintaining 6% annual average GDP growth rate and has brought about remarkable social and human development.

Merchandise exports show the f.o.b. value of goods provided to the rest of the world valued in current U.S. dollars. In 2020, merchandise exports for Bangladesh was 33,605 million US dollars. Merchandise exports of Bangladesh increased from 6,080 million US dollars in 2001 to 33,605 million US dollars in 2020 growing at an average annual rate of 9.97%.

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Exports

49B US dollars

Goods exports

42B US dollars

Service exports

7B US dollars

Food exports

2.7 %

Fuel exports

0.6 %

High-technology exports

93,607,707 US dollars

High-technology exports as a share of exports

0.3 %

Imports

85B US dollars

Goods imports

74B US dollars

Service imports

11B US dollars

Food imports

16.6 %

Fuel imports

10.9 %

Merchandise imports

52,804 million US dollar

Our main export item is Ready-made Garments. The textile and clothing industries provide the single source of growth in Bangladesh’s rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By 2021 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh’s total merchandise exports. Bangladesh is second only to China, the world’s second-largest apparel exporter of western brands. Sixty percent of the export contracts of western brands are with European buyers and about forty percent with American buyers.

Our second export item is Leather and Leather Goods. The government is planning to boost the country’s export of leather and leather goods to US$ 12 billion by 2030, officials said. The time for fulfilling the target has been fixed between 2021 and 2030, and the timeframe would be coordinated with the export policy.

Our Third export item is Raw Jute and Jute goods, and Handicraft, Dry Fish, Crabs, Eel Fish, Perishable, Paper and Paper Craft are regular export to Asia, Europe and USA etc…