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.

FreightStar Shipping Ltd – Merchandise exports represent the f.o.b. (free on board) value of goods shipped to international markets, measured in current U.S. dollars. In 2020, Bangladesh’s merchandise exports totaled 33.61 billion U.S. dollars. From 2001 to 2020, Bangladesh’s merchandise exports grew from 6.08 billion U.S. dollars to 33.61 billion U.S. dollars, reflecting an average annual growth 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 primary export product is Ready-made Garments (RMG). The textile and clothing industries are the key drivers of growth in Bangladesh’s rapidly expanding economy. Textiles and garment exports serve as the main source of foreign exchange earnings. By 2021, textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh’s total merchandise exports. Bangladesh ranks second in the world, just behind China, as the largest exporter of apparel for western brands. Approximately 60% of the export contracts for western brands are with European buyers, while around 40% are with American buyers.

Our second major export category is Leather and Leather Goods. The government aims to increase the country’s leather and leather goods exports to US$ 12 billion by 2030. The target is set for the period between 2021 and 2030, with efforts aligned to the national export policy.

Our third export category includes Raw Jute, Jute Goods, and Handicrafts. Additionally, we regularly export items such as Dry Fish, Crabs, Eel Fish, Perishables, and Paper and Paper Crafts to regions including Asia, Europe, and the USA.