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flag Bangladesh Bangladesh: Trade Profile

Foreign Trade in Figures

Bangladesh is open to foreign trade, which represents around 50% of the GDP.

Customs duties in Bangladesh are relatively high, however, the country is implementing a series of measures including concessional tariffs, a customs duty recovery system and export processing zones, in order to reduce these barriers.

Besides high import duties, the other hindrances to the country's development are the low quality of transport and communication infrastructures, an unreliable energy supply, and a lack of skilled manpower. Corruption remains a serious obstacle to efficient business operations.

Financed by international aid and wire transfers from emigrants, traditionally, the country has shown a significant trade deficit. This trend should continue in the coming years.

The country's main trade export partners are the European Union, the United States and China. The main export products are clothes, unprocessed hessian and its derivative products, leather, fish and frozen seafood. Bangladesh mainly imports machinery and equipment products, medication, iron, steel, textile, petroleum products, food and cement, from china, India, Kuwait, Singapore and Japan.

 
Foreign Trade Indicators 20062007200820092010
Imports of Goods (million USD) 16,03418,59623,86021,83327,794
Exports of Goods (million USD) 11,80212,45315,37015,08319,195
Imports of Services (million USD) 2,1112,6733,4963,2033,887
Exports of Services (million USD) 6036858999351,159
Imports of Goods and Services (Annual % Change) 1816-2-3-1
Exports of Goods and Services (Annual % Change) 2613701
Trade Balance (million USD) -2,890-4,195-6,004-4,605-5,485
Current Account (million USD) 1,1968579263,345-
Foreign Trade (in % of GDP) 4446494643
Imports of Goods and Services (in % of GDP) 2527292725
Exports of Goods and Services (in % of GDP) 1920201919

Source: WTO - World Trade Organization ; World Bank - Last Available Data.

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Main Partner Countries

Main Customers
(% of Exports)
2007
United States 25.7%
Germany 15.2%
United Kingdom 9.5%
France 6.5%
Italy 4.0%
See More Countries 39.0%
Main Suppliers
(% of Imports)
2007
China 15.6%
India 13.2%
Kuwait 7.2%
Indonesia 5.1%
Japan 5.1%
See More Countries 53.8%

Source: Comtrade, Last Available Data

Main Products

Main Exports
(% of Exports)
2007
Men's or boys' suits, ensembles, jackets, blazers,...Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (excl. knitted or crocheted, wind-jackets and similar articles, separate waistcoats, track suits, ski suits and swimwear) 16.6%
T-shirts, singlets and other vests, knitted or...T-shirts, singlets and other vests, knitted or crocheted 15.9%
Jerseys, pullovers, cardigans, waistcoats and...Jerseys, pullovers, cardigans, waistcoats and similar articles, knitted or crocheted (excl. wadded waistcoats) 9.9%
Women's or girls' suits, ensembles, jackets,...Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (excl. knitted or crocheted, wind-jackets and similar articles, slips, petticoats and panties, track suits, ski suits and swimwear) 7.9%
Men's or boys' shirts (excl. knitted or crocheted,...Men's or boys' shirts (excl. knitted or crocheted, nightshirts, singlets and other vests) 6.4%
See More Products 43.3%
Main Imports
(% of Imports)
2007
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 8.8%
Cotton, neither carded nor combedCotton, neither carded nor combed 5.9%
Palm oil and its fractions, whether or not refined...Palm oil and its fractions, whether or not refined (excl. chemically modified) 5.1%
Soya-bean oil and its fractions, whether or not...Soya-bean oil and its fractions, whether or not refined (excl. chemically modified) 3.5%
Wheat and meslinWheat and meslin 3.4%
See More Products 73.2%

Source: Comtrade, Last Available Data

 

To go further, check out our service Import export flows

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Commercial Policy

Main International Economic Cooperation
Member of World Trade Organisation
Member of South Asian Association for Regional Cooperation (SAARC)

Member of Group of 8 Developing Countries (D-8)

Assessment of Commercial Policy
The assessment of Bangladesh commercial policy
Barriers to exchanges
Average Customs Duty (Excluding Agricultural Products)
17.22%
 

List of tariffs and local taxes that apply to your product on our service Customs duties and local taxes

 
Useful Resources
Bangladesh Customs



Egyptian Embassy in Bangladesh
HOUSE No.9, ROAD 90 GULSHAN 2
DHAKA
Phone: (008802)8858737- 8858738 - 8858739 - Dir: 9884433
Fax: (008802) 8858747
Contact the Embassy via Email.

National Organization of Intellectual Property
You can contact the Department of Patents, Designs and Trademarks by Email.
 

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Learn more about How to Export to Bangladesh on Globaltrade.net, the Directory for International Trade Services.
 

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Last Updates: February 2012

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