The aquaculture sector of Bangladesh is a major contributor to food security and foreign exchange earnings and plays a prominent role in the Bangladeshi economy. Garments account for almost 80 percent of its total exports. and Overall, Bangladesh is slowly moving towards being a major exporter of these goods in South Asia, and is on the cusp of becoming a key figure in these sectors. In the previous few decades, major electronic device assembly plants and spare parts manufacturing enterprises have been built in the country. Bangladesh exports manufactured toiletries and cosmetics to various countries such as UAE, Malaysia, Republic of Korea, Oman, Jordan, Sri Lanka, Saudi Arabia, France, Singapore, and other nations. We have all sort of business set up and licensing to do the business smoothly. Among the very few in Bangladesh, the pharmaceutical industry is the fastest-growing sector in the country. The majority of the country's trade is conducted with the USA but a small portion of exports also sees its way to Germany, the UK, France and Italy. Using the most modern method of production, technology and world class raw materials, the finished products are of international standard and capable of competing with products of the renowned companies of the world. A slow and steady entrance in high value products is pushing up export value. United Kingdom, all in Europe and Australia. Agricultural Products : Corn, Maize, Rice. Export earnings from frozen and live fish in FY22 grew by 11.64% to $532.94 million compared with that of $477.37 million in the last fiscal. It is proudly working in Bangladesh for 40 years. Download Historical Data. Currently Bangladeshs main export items are garments, jute and juterelated goods, leather, frozen fish and seafood. Bangladesh also has self-sufficient industries in food processing, pharmaceuticals, and steel. Despite the slow rate of global economic recovery, Bangladeshs export earnings have doubled in just a few years due to the rapid expansion of the export-oriented manufacturing sector. This is over 27% more than what they made during the same period last year. In last few years, Bangladesh has experienced rapid growth in export earnings with total figure reaching US$ 31.21 billion during the last financial year from July 2014 to June 2015. Choose New & Economical suppliers & manufacturers in Bangladesh from 66 Flow exporters based on export shipments till Nov - 22 with Price, Buyer, Qty, Ph, Email & Linkedin. Bangladesh government had set a $5bil leather export target within 2021 then again, in 2017, leather export declined due to the decrease in global demand, appreciation of the currency, shortage of . Powered by Azi Solutions. Exports The top exports of Bangladesh are Non-Knit Men's Suits ($5.75B), Knit T-shirts ($5.74B), Knit Sweaters ($4.91B), Non-Knit Women's Suits ($4.63B), and Knit Women's Suits ($2.45B), exporting mostly to Germany ($6.59B), United States ($6.25B), United Kingdom ($3.05B), Spain ($2.95B), and Poland ($2.27B). Major export items of Bangladesh are as follows: Bangladesh is the second largest textile and apparel items exporter in the world, after China. Export of jute and jute goods increased by 15.71 per cent to $245.65 million from $212.29 million, the data showed. In recent times, toiletries and cosmetics items of Bangladesh have made significant improvement as regards quality and packaging. Ready-made Garments sector is one of the most cash cows for Bangladesh in the export sector. Developed by Over the last decade, Bangladesh's fish exports have increased by 135%, while wild shrimp export by 40% and farmed prawns by 95%. Vegetables, fruits, aromatic fine rice, tea and other agro-products are being exported regularly. At the moment, main destinations of Bangladeshi software products are USA, UK, Canada, Australia, Denmark, Netherlands, Germany, India and Japan. 2022-02-10. Bangladesh has also entered in the field of leather fashion garments with items of distinction and prestige. Bangladesh had a total export of 31,734,162.42 in thousands of US$ and total imports of 48,058,710.04 in thousands of US$ leading to a negative trade balance of -16,324,547.62 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Bangladesh is 11.82% and the Most Favored Nation (MFN) Weighted Average tariff is . This has had a good impact on the economy of the country. Thereby Bangladeshi manufacturers are targeting the European markets for exports, especially the UK, Germany, Italy, and Netherlands. Toiletries and cosmetics products produced in the country are exported to UAE, Malaysia, Republic of Korea, Oman, Jordan, Sri Lanka, Saudi Arabia, France, Singapore and other countries. Bangladesh earns $100 million from vegetables, $42 million from spices, $4,500 from cotton, and $700 million from dry goods. Leather and leather goods are now a significant part of the countrys export revenues, due to its modern technology and low-cost raw materials. And not to mention, exports and the ongoing remittance inflows, continue to be the main drivers of Bangladeshs economic growth. Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (other than swimwear) suits : 62046290 62046300 62044290. shorts shirt. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The country . Factors contributing to the growth of export from Bangladesh. Create profitable strategy to export Knitting pin from Bangladesh with Top Knitting pin exporting importing countries, Top Knitting pin importers & exporters based on 22 export shipment records till Nov - 22 with Ph, Email & Linkedin. Bangladesh exported Men's or boys' trousers, breeches, etc, of cott , worth US$ 5,030,217.65 million. The EU is Bangladesh's main trading partner, accounting for around 19.5% of Bangladesh's total trade in 2020. Trading Economics welcomes candidates from around the world. Those are, (a) traditional sector and (b) non-traditional sector. Bangladesh now exports varieties of home appliances and other electronic and electrical products to Africa, the Middle East and some other regions of the world. Bangladesh is blessed with the favourable climate and the potentials to be the largest grower and exporter of the best quality jute, the golden fibre. you should ensure that they do not fall into the category of prohibited goods. No Registration Required, Free service. Most remarkable agro-based products are rice, jute, and tea. Owing to rapid expansion of the export-oriented manufacturing sector, Bangladeshs export earning has doubled in just five years, despite slow pace in the recovery of global economy. Explore trading relationships hidden in supply chain . Almost all the producing units have succeeded in establishing their brand names in the international ceramic tableware market. Besides, a number of processed agro-based items such as spices, chanachur, potato chips, fruit juice, pickles, are being exported to overseas markets. The country's bicycle export markets have also diversified to countries like Congo, Gabon, and Ivory Coast in South Africa apart from Europe through Red, Feral, and Inigo brands. Bangladeshs jute industry is going through an exceptionally successful period. The country shipped fish and fishery products to over 50 countries, including the EU, the United States, Japan, Russia, China, Vietnam, Australia, the United Arab Emirates, India, and Malaysia. Bangladesh Contact Person: Ajijur Rahman (Proprietor) Contact this Supplier. Bangladesh currently exports a huge spectrum of pharmaceutical items to over 100 countries. Bangladesh is the third largest apparel exporter in the USA market. Traditional sector includes raw jute, jute products, tea, raw hide and its products, frozen food, newsprint etc. List - Export Products of Bangladesh: Bicycle; Ceramic Products; Food Products Besides shrimp, live fish exports have also grown by 34%, earning $4.41 million. Notice Board This is over 27% more than they made in the same period last year. The country has produced a large number of agricultural items that include Vegetables, fruits, rice, cotton, corn, tea, and other agricultural products, such as Betel leaf, dried food, soybeans, tobacco, and plant products. The Home textile sector has gradually emerged as a new player in textile production and exports from Bangladesh. Most of the above-mentioned products, which are facilitating diversification of Bangladesh's export basket, had been on a rising trajectory until a couple of months ago, the FE finds analysing the EPB data.According to the EPB, the highest export-earning sector-RMG- maintained a 10.55-percent growth during July-October period of the current FY2023.However, export earnings from the light . Shipbuilding has become one of the most successful and fastest-growing manufacturing and exporting industries in Bangladesh. Currently Bangladesh's main export items are garments, jute and jute-related goods, leather, frozen fish and seafood. Import industrialized products: Bangladesh is underdeveloped in the industry. Deals, How To Read and Translate Auction Sheet of Japanese Cars, Best Event Management Companies in Lahore. Garments including knit wear and hosiery account for 80% of exports revenue; others include: jute goods, home textile, footwear and frozen shrimps and fish. Compare Exports by Country United Nations Comtrade Database Business, Coupon & The pharmaceutical sectors export revenues have increased dramatically in recent years. The Trading Economics Application Programming Interface (API) provides direct access to our data. Bangladesh exports for 2020 was $39.05B, a 15.11% decline from 2019. Bangladesh has a primarily agrarian economy. Our company started the export business, to be more specific Agro product export from Bangladesh to different destination. Light Engineering Industries play a significant role in augmenting the industrial base and volume of foreign trade of Bangladesh. At present, leather products are exported to about 60 countries of the world including USA, UK, Italy, Germany, and Brazil. CP10, Holiday Notice of the 47th anniversary of the martyrdom of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and National Mourning Day, REOI Notice_Dhaka Sylhet Corridor Road Investment Project. Along with regular forms like tablets, capsules and syrups, Bangladesh also exports specialized products like HFA inhalers, CFC inhalers, suppositories, nasal sprays, injectables, IV infusions, etc. The countrys ready-made garments (RMG) sector accounts for almost 80% of overall export profits and 10.5 percent of Bangladeshs GDP. Bangladesh exports for 2019 was $45.99B, a 12.91% increase from 2018. unwrought aluminium ** we intend to claim rewards under merchandise exports fromindia scheme (meis) ** 48.758 : MTS : 1734.67 : 84578.86 : benapole : bangladesh: 22-Nov-2016: hyderabad air cargo: 29419090 : cefuroxime sodium sterile usp(04nos of aluminium canisters 14ltr.,05kgs capacity)(meis sl.no . In the first five months of the year (January - May), Bangladesh exported ready-made garments to the USA worth 4.12 billion USD. They have a reputation for maintaining quality and commitment. Bangladeshi vegetable exports look to be on the verge of taking off, and in a glorious way. Meanwhile, bicycle has emerged as one of the potential products in the Light Engineering sector in Bangladesh. Jute is also utilized as carpet backing and for other purposes such as footwear, handbags, and wallets. Bangladesh has blessed with fertile soil and a pleasant climate for the production of agro products. Theres no doubt that the apparel industrys continued expansion has contributed to Bangladeshs sustained economic growth. Bangladesh is now the third-largest exporter of bicycles to the European Union and the eighth-largest exporter in the world, according to data by Eurostat. In 2008, Bangladesh has become a ship exporting country. Bangladesh needs to meticulously explore new markets of readymade garments, leather goods, pharmaceutical products, jute and jute goods to boost exports and withstand the impact of the Covid-19 pandemic, said trade analysts, policymakers, economists and exporters. Electronic and electrical industry in Bangladesh is one of the fastest growing industries with immense potential. Bangladesh operates a thriving textile and clothing export industry and is one of the world's largest garment exporters. Pharmaceutical is one of the fastest growing sectors in Bangladesh. Leather, footwear and allied sector have faced negative trend (-17%) in export compare to last financial year and -24% compare to strategic target. Among prohibited goods are weapons, narcotics, psychotropic Most clothing buyers come from the United States. Bangladesh's low labor costs help it to be competitive in the Indian market. Bilateral trade between China and Bangladesh reached US$ 10.31 billion in 2013 from only about a billion USD in 2002. densely populated nation. Bangladeshi export of RMG products increases by 59.06% in the US market. Italy, Spain and Hong Kong are the major markets for Bangladeshs leather and leather goods. President of Bangladesh Engineering Industry Owners Association (BEIOA) Abdur Razzak told UNB that the exports rebounded in the FY2021 from three years of falling shipments.