Export and import of Bangladesh

containers with export items

The economy of Bangladesh is in a stable position because of the export sector. Ready-made garments and knitwear have the highest contribution to the export of this country.

In July 2020, the total foreign currency reserve of Bangladesh bank is $32093.3 million.

The total import in 2018-19 is worth $56061 million. The total export in 2018-19 is worth $40535.04 million and in 2019-20 the total earning from exporting products is $33674.09 million.

Characteristics of international trade of Bangladesh

  1. Export raw materials: The main characteristic of Bangladeshi export is export raw materials. As an agricultural country, this country exports rawhide, jute, tea, fish, and some other products.
  2. Import industrialized products: Bangladesh is underdeveloped in the industry. So, the main import items of this country are iron, medicines, chemical products, and machinery.
  3. Import crops: Every year this country imports 15 to 20 lakh tons of crops and related products.
  4. The unequal balance of trade: In Bangladesh, the total amount of export is higher than the total imports. So, the international balance of trade remains unequal.
  5. Port-based trade: Most of the international trade of this country occurs using water transport. About 85% to 90% of foreign trade occurs on Chattogram and Mangla seaport. Bangladesh can perform road transport only with India, Myanmar, Nepal, and Bhutan.
  6. Trade with few countries: Bangladesh has foreign trade only with few countries. Those are China, the USA, the UK, Russia, Japan, Germany, Saudi Arabia, etc.
  7. Luxury goods: The government of Bangladesh has reduced the imports of luxury goods to accelerate its economic development.
  8. Export manpower: This country earns huge remittance by exporting manpower in different countries. This increases foreign employment and remittances to BD. Most migrant worker’s destination countries in recent days are Saudi Arabia, UAE, USA, Japan, South Korea, etc.
  9. Terms of trade: Importing and exporting countries provide some terms and conditions to this country. Those terms and conditions are adverse to this country’s economic development.
  10. Liberal trade policy: Bangladesh are following a liberal trade policy on international trade according to a free-market economy.
  11. Wage-earners scheme: Bangladesh has started wage earners scheme to facilitate the migrant workers. So, this country is able to import products using this money.

Export of Bangladesh

In the fiscal year, this country earns about 95% of its total export from eight different sectors of products. The total earning of those sectors is worth $31,999.18 million.

Those sectors of products are agricultural goods, frozen food, home textile, knitwear, oven cloths, jute and jute products, rawhide and its products, and engineering products.

Those are the export items of Bangladesh
Bangladesh export items

In 2019-20 export of some products has increased and export decreased on some products.

The products whose export increases in 2019-20 are jute and jute products, fruits, vegetables, tobacco, team carpet, furniture, medicine, handicrafts etc.

Export reducing products on 2019-20 are oven cloth, prawn, dry food, ceramics, rawhide and leather products, home textile, electric products, plastics and its products, agricultural products, rubber, etc.

Bangladesh Export Data and Growth

Export sector2018-19
($ in million)
($ in million)
% of increase/ decrease
Primary products1409.371318.21-6.47
Industrial Products39125.6832355.88-17.30

Major Export products of Bangladesh

Bangladeshi export sector is divided into two segment.

Those are, (a) traditional sector and (b) non-traditional sector.

Traditional sector includes raw jute, jute products, tea, raw hide and its products, frozen food, newsprint etc.

 Non-traditional sector includes cloths, handicrafts, fruits, vegetables etc.

Traditional sector

  1. Raw jute & its products: Bangladesh is the top jute growing country in the world. Every year it produces 50-60 lakh bales of jute which are 75 percent of total jute in the world. In 2019-20 the total earning from exporting raw jute is $100.52 million and its total share on export is 2.62%. Jute and its products have a great impact on the economy of Bangladesh. This country exports Jute in the USA, UK, Russia, Japan, Pakistan, Germany, India, etc.
  2. Rawhide & its products, shoe: Bangladesh abounds in cow, buffalo, and goat. So, this nation is exporting rawhide and its products. Bangladesh exports these items to the USA, UK, Italy, Japan, Germany, France, India, Belgium, etc. in 2019-20, Its share in the total export is 2.37 percent which is worth $797.60 million.
  3. Fish: This country mainly exports frozen fish. By exporting prawn it earns huge foreign currency. It export fish item to the USA, UK, China, Singapore, India, Italy, Germany, etc. the total earning from this sector is $456.15 and the total share of export is 1.35 percent.
  4. Tea: Every year Bangladesh produces 32 million tons of tea. After meeting domestic needs this country exports tea to the USA, UK, Germany, Russia, Italy, Japan, Pakistan, Turkey, Egypt, etc.
  5. Paper and newsprint: Karnofuli newspaper mill and Khulna newsprint mill produces huge paper, newsprint, and hardboard. This country exports those products to India, Pakistan, Sri Lanka, and the Middle East.

Non-traditional sector

  1. Knit clothes: In the fiscal year2019-20 this sector earns $13,908 million which is 41.30% of the total export of this country. The cloth of this country has a huge demand for abroad. This country exports cloth to the USA, UK, and the Middle East, etc.
  2. Woven cloths: Oven cloth is the highest-earning exporting cloth of this country. Its share of total export is 41.70% and it is worth $14,041.19 million. Its exporting destination is the same as knit cloth.
  3. Home textiles: In 2019-20, the total earning from this sector is $758.91 million. which is 2.25 percent of total export.
  4. Handicrafts: Bangladeshi people are able to make handicrafts using wood, bamboo, coconut, jute, etc. those have a huge demand for abroad. This country earns more than six million dollars by this sector.
  5. Other products: In the 2019-20 fiscal year, besides those products, this country also exports Pharmaceuticals ($135.75m), plastics ($100.51m), bi-cycle ($82.84m), tobacco, electronics, books, toys, film, etc.

Data of top Export items of Bangladesh

Export items2018-19
($ in million)
($ in million)
% of change
Knit clothes16,888.5413908.00-17.65
Woven clothes17,244.7314,041.19-15.58
Home textile851.72758.91-10.90
Leather, its product, shoe1,019.78797.60-21.79
Agricultural products908.96862.06-5.16
Plastic, melamine etc119.80100.5216.09
Raw jute, jute products816.27882.35+8.09
Engineering products341.30292.92-14.17

Country-wise export from Bangladesh

The total export to top four countries is worth $26,731.91 million and it is 79.38 percent of the total export of Bangladesh.

 The top exporting destination of Bangladeshi products is European Union. In 2019-20 total export to that area of Bangladesh is worth $18,698.25 million and its total market share is 55.53 percent.

The total export of other three countries are USA $5,832.39 million (17.31%), Japan $1200.78 million, and Canada $ 1,000.49 million.

($ in million)
($ in million)
% of change

Problems of export from Bangladesh

Bangladeshi export depends on a few products. The total contribution of ready-made garments on export is 85.25% in 2019-20. Here is a discussion on the problems of the export trade of Bangladesh.

  1. Discover an alternative to jute: Jute was one of the top exporting items of Bangladesh. But the invention of synthetic and artificial fiber has reduced the use of jute and its product. 
  2. Lack of product diversity: Bangladesh exports only a few products like jute, tea, leather, clothes, etc. This country has a few product variations and it is unable to add new export items. Depend on product variety is the most important problem in this country.
  3. Nature of export items: Most of the exporting items of this country are raw material and agricultural products. This country faces a problem in filling international demand. So, it hampers its foreign trade.
  4. Price fluctuation: Most of the exporting products of Bangladesh are depends on nature. So, it is impossible to control the production of those products when their price level touches the bottom.
  5. Low quality: Some products of our country fails to match international quality. So, it is very hard to compete with other countries.
  6. Transportation problem: About 90% of Bangladeshi transport occurs using the water transport system. But this country doesn’t have sufficient steamer. So they have to rent them and the profit margin reduces.
  7. Production cost: Every year the production price of exporting products is increasing. It creates problems with increasing exports.
  8. Publicity: There needs huge publicity, advertisement, the exhibition of products to increase exports. But there are not enough business missions.
  9. Smuggling: Smugglers are smuggling our export items. It reduces our total exports. 
  10. Storage: This country doesn’t have enough storage system to store its export items. So, they are bound to sell products at a low price.
  11. Trade association: Some countries of the world have created trade associations like the EU. Bangladesh is facing difficulties to export to those countries.

Measures to increase export of Bangladesh

  1. Industrialization: This nation must set up more and more industries to produce export related products. Then, the export will boost.
  2. Increase production: Bangladesh has to increase the production of jute, tea, leather, and cloths to accelerate its export.
  3. Reduce production cost: To compete with others abroad, reduction of production cost is necessary. If production expenditure reduces, the price level will reduce and the demand for that product will increase.
  4. Improve quality: Some of the products, we want to export are below the international quality benchmark. We have to improve the quality of all the products.
  5. Reduce internal consumption: If the people reduce the consumption of export items; there will be a surplus of those products. We can export them.
  6. Classification of products: If we want to increase the export, we have to classify all products. Consumers or buyers will get a clear message when they see a product of that division.
  7. Reduce export duty: Government can reduce the duty of export items. Thus the product will get cheaper to international consumers.
  8. Publicity: Mass publicity can increase the demand for a product. We have to participate in the international trade fair, product exhibition, and use international media to promote our products.
  9. Improve transportation system: Improvement of transportation cost reduce the cost of export. It helps to export products at a low cost.
  10. Trade agreement: Government should sign a trade agreement with other countries. The Bangladeshi government has signed a trade agreement with some countries.
  11. Control smuggling: Smuggling hinders our countries export. Stopping smuggling can boost our countries export.
  12. Storage: Most of the agriculture items are perishable. There must have enough warehouse for our exporting items because we harvest those items on seasons only.
  13. Stable price level: Fluctuation of price level can reduce the number of export items. So, a stable price level is necessary.

Steps were taken by the government to improve exports

In every fiscal year, the government provides incentive packages to exporters and producers.

  1. Reduce complicity:  Bangladesh textile mills association members can withdraw loans only with LIBOR+ 2.5% interest.
  2. Export development fund: The government increases the total amount of export development fund from $300 million to $400 million.
  3. Discover new export destinations and add new products: The government provides incentives to new export items and to discover new export destinations.
  4. Reduce service charge: Bangladesh Bank published a circular and gave directions to other banks to reduce service charges and fees.
  5. Increase loan amount: The government increases the loan amount of a single importer to $10 million from three different banks.
  6. Cooperation of government and BTMA: The government helps BTMA to establish a national institute of textile training, research, and design (NITTRAD).
  7. Promote shipbuilding: Shipbuilding is a potential sector of this country. To encourage this sector government provides 5% incentives.
  8. Give facility to small entrepreneurs: This country provides special facilities to small entrepreneurs.
  9. Others: The government also provides facilities on the frozen food sector, IT sector, jute, and its items, etc.

Import of Bangladesh

In the fiscal year 2018-19, the total imports of Bangladesh are worth $56,061 million with imports of EPZ. Without the import of EPZ, it is $52187.3 million.

The total import was 52,940 million with imports of EPZ in the previous fiscal year. This is showing that imports are increasing rapidly every year.

Here is a data of those countries from where Bangladesh imports from

Import products of Bangladesh

As a developing country, Bangladesh imports huge products. Although it is an agriculture-related country, it is not self-sufficient in it. It has to import crops. This country is underdeveloped in the industry. So, it imports raw materials, machinery, etc.

Category-wise imported product list of Bangladesh

(million USD)
(million USD)
(million USD)
Milk & Cream252288336
Oil seeds413509653
Edible oil149517611718
Pulses all kinds589406411
Crude Petroleum533554930
Pharmaceutical products147152146
Dying, tanning etc. materials561618693
Raw cotton261229492932
Textile & articles thereof414045674985
Plastic and Rubber193721632383
Staple Fibre611691811
Iron, Steel & other metal326938274325
Capital Machinery361845855147
Sub Total404444938452391
EPZ Imports309735563669

The import items of Bangladesh is divided into three categories. Those are- (1) Consumer goods and essential items (2) Raw materials of industry (3) Capital products.

  1. Consumer goods and essential items: Bangladesh spends huge money by importing the necessary commodities. Bangladesh imports mainly food grains like rice, wheat, soya bean, edible oil, etc. This country also imports some necessary items like cloth, medicine, pesticide, fertilizer, electronic products, chemical products, bus, truck, cigarette, etc.
  2. Raw materials of the industry: Bangladesh imports input and raw materials of industries like cotton, yarn, rubber, dye, tobacco, cement, diesel, steel, iron, minerals, etc. Those are 25% of the total imports.
  3. Capital goods: Those are the machinery of industry, the machinery of agriculture, parts of machinery, railway engine and wagon, water pump, tractor, engine, battery, etc.

Country-wise expenditures on import

In the list of importing countries of Bangladesh China is in the top position. About 26.1% of imported products come from China which is worth $13638.8 million. India is in the 2nd position and its market share is 14.7% and which is worth $64153.7 million.

Here is a table of countries from which Bangladesh export from

CountryTaka (Crore)USD ($) in millionpercentage of total
South Korea11047.21314.72.5
Saudi Arabia8373.5996.71.9
Other Countries71093.28459.616.3

Role of foreign trade in the economy of Bangladesh

  1. Import necessary items: Developing countries like Bangladesh have a shortage of necessary items. By international trade, this country imports food, medicine, etc.
  2. Export surplus products: By fulfill domestic demand, this country exports its surplus products. Bangladesh abounds with jute, tea, leather, tobacco, etc. this country exports those excess agricultural products and earns foreign currency.
  3. Import machinery and raw materials: There needs huge machinery in the industry and agriculture sector. Bangladesh imports those machinery and its parts from abroad. This nation also imports pesticides, hybrid seeds, fertilizers, etc.
  4. Proper use of natural resources: By international trade, we can improve technical knowledge, make capitals dynamic, and import new technologies. We can have the best use of our natural resources and export them.
  5. Capitals: It is easier to collect foreign investment by international trade. Bangladesh also can accrue foreign currency by export products and invest them.
  6. Emergency situations: By international trade, one nation can fight with emergency situations. In the case of natural calamities, one nation can easily import food, medicine, and other essential items.
  7. Disperse market of native products: This country earns huge foreign currency by exporting its domestic products. A small help to those sectors will flourish their export. This will create international demand.
  8. Foreign aid: Depend on foreign aid will have a negative effect in the long term. This country must increase export to reduce the dependence on foreign aid.
  9. Import technologies: Technical knowledge and the latest technology are a must for a countries economic development. Bangladesh imports those from developed countries and improving its economic condition.
  10. Earn foreign currency: Foreign currency is necessary to make a countries development and import products from abroad. Foreign currency will accelerate a countries economic development.
  11. Improve skills: In international trade, there is a competition between countries. So, every country tries’ to improve their skill and improve product quality.
Export and import of Bangladesh
Article Name
Export and import of Bangladesh
The total import in 2018-19 is worth $56061 million. The total export in 2018-19 is worth $40535.04 million and in 2019-20 the total earning from exporting products is $33674.09 million.
Publisher Name
Publisher Logo

You may also like...

42 Responses

  1. erotik says:

    Hello. This post was really remarkable, especially because I was browsing for thoughts on this issue last Sunday.

  2. film says:

    I am so grateful for your post. Really looking forward to read more. Great.

  3. hd film izle says:

    I loved your article. Much thanks again. Keep writing. Johnath Luigi Qulllon

  4. izle says:

    I really enjoy the article post. Thanks Again. Great. Chrissie Marcel Sela

  5. hd film izle says:

    This post will assist the internet viewers for setting up new weblog or even a blog from start to end. Anny Marlow Floro

  6. film izle says:

    With every buy, Express will donate masks to healthcare employees in want. Arlina Bil Kesia

  7. erotik says:

    It feels like your quitting entry point.. Please dont.. Saundra Iggy Pigeon

  8. parasite says:

    Amazing! Its truly remarkable post, I have got much clear idea concerning from this piece of writing. Joice Artur Tanah

  9. 123movies says:

    Way cool! Some extremely valid points! I appreciate you penning this post and also the rest of the site is also very good. Becca Etan Behm

  10. filmkovasi says:

    I like this post, enjoyed this one thank you for posting. Chantal Jimmy Karissa

  11. dublaj says:

    Hi there Dear, are you truly visiting this web site daily, if so after that you will absolutely take fastidious know-how. Alice Jack Yacov

  12. watch says:

    the neighbors gave us some of their onions and we gave them a jar of chive-blossom vinegar. none of it smelled as good as the lilacs, but sweet all the same. Kinna Johny Marielle

  13. altyazili says:

    My family members every time say that I am killing my time here at net, except I know I am getting knowledge all the time by reading thes nice posts.| Morna Delmore Pauwles

  14. Thank you for your post.Really thank you! Keep writing.

  15. Alfie says:

    I’m gone to tell my little brother, that he should also visit this webpage on regular basis to get updated from hottest

  16. Effie says:

    For latest information you have to go to see web and on internet I found this site
    as a most excellent website for hottest updates.

  17. Roxie says:

    Howdy! I could have sworn I’ve been to this website before but after reading
    through some of the post I realized it’s new to me.
    Anyways, I’m definitely delighted I found it and I’ll be bookmarking and checking back frequently!

  18. Edward says:

    I’ve been exploring for a bit for any high-quality articles or weblog posts
    in this kind of house . Exploring in Yahoo I at last stumbled upon this website.
    Studying this info So i’m satisfied to show that I have
    an incredibly just right uncanny feeling I came upon just what I needed.
    I so much no doubt will make certain to don?t omit
    this web site and provides it a look on a constant basis.

  19. Lona says:

    Very shortly this web site will be famous amid all blogging and site-building
    people, due to it’s pleasant articles or reviews

  20. It’s actually a great and helpful piece of info. I’m glad that you just shared this helpful information with us. Please stay us up to date like this. Thank you for sharing.

  21. Estelle says:

    I am sure this piece of writing has touched all the internet
    visitors, its really really nice article on building up new
    web site.

  22. Heya i am for the first time here. I found this board and I find It truly helpful & it helped me out much. I hope to give one thing back and aid others such as you helped me.

  23. This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want?HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!

  24. Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.

  25. I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.

  26. I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.

  27. I?m impressed, I must say. Really rarely do I encounter a blog that?s both educative and entertaining, and let me tell you, you have hit the nail on the head. Your idea is outstanding; the issue is something that not enough people are speaking intelligently about. I am very happy that I stumbled across this in my search for something relating to this.

  28. Robbin says:

    Heya superb website! Does running a blog like this take
    a lot of work? I have virtually no understanding of programming but I was hoping to
    start my own blog soon. Anyways, should you have any recommendations
    or techniques for new blog owners please share.
    I understand this is off topic but I simply wanted to
    ask. Appreciate it!

  29. Heya i am for the first time here. I came across this board and I find It really useful & it helped me out a lot. I hope to give something back and aid others like you helped me.

  30. Iva says:

    This post is in fact a pleasant one it assists new
    net people, who are wishing in favor of blogging.

  31. DennisDoupt says:

    Way cool! Some extremely valid points! I appreciate you penning this article and the rest of the website is also very good.

  32. JimDus says:

    Really interesting post!

  33. I am sure this piece of writing has touched all the
    internet people, its really really good piece of writing on building
    up new webpage.

  34. TimDus says:


  35. SUPERSLOT says:

    Very good blog post. Keep writing.

  36. I like the helpful information you provide in your articles. I?ll bookmark your weblog and check again here regularly. I’m quite certain I?ll learn lots of new stuff right here! Good luck for the next!

  37. This was beautiful Admin. Thank you for your reflections.

  38. Oh my goodness! an amazing article dude. Thank you Nonetheless I’m experiencing problem with ur rss . Don?t know why Unable to subscribe to it. Is there anyone getting equivalent rss downside? Anybody who is aware of kindly respond. Thnkx

  39. bambu4d says:

    I like the efforts you have put in this, regards for all the great content.

  1. January 28, 2022

    […] Export and import of Bangladesh […]

Leave a Reply

Your email address will not be published. Required fields are marked *