Bangladesh Import and Export Data 2023

The Republic of Bangladesh in South Asia is one of the most culturally diverse countries mainly influenced by the Bengali tradition. The population of 163 million of the nation still follows the ethnicity of their earlier Bengali traditions which has still now maintained the dignity and historical significance of the nation at a global rate. The Ganges, The Brahmaputra, and The Meghna serve the country with their pure water and make the land areas fertile by their large coastline along with the border forming a delta. It has a land area of 147,570 square kilometers and is lined up by countries like India and Myanmar in each direction.

The fertile land of the nation promotes crop cultivation and also caters to economic stability contributing to the revenue share. Some of the products right now are trending because of the well-equipped quality of the materials used and their longer shelf life. Different attributing factors have recorded a GDP of 390 billion US dollars in 2023 depicting a growth rate of 7% from the previous few years. Bangladesh is also focusing on garment manufacturing as its garments are getting famous worldwide recording a huge share in the trade revenue.

TOP IMPORTS OF BANGLADESH

The Landlocked countries of India and Myanmar are now evolving globally with their worldwide trade business. Imports from these nations account for the efficiency of productivity and consumer needs. As per the Bangladesh Import Data, the top 10 imports of the nation with its trade values of 2023 are given below,

  • (HS code - 27)Petroleum products – Total import trade rate of Petroleum products 2023 – 6 billion US dollars
  • (HS code - 59)Textiles– Total import trade rate of Textiles 2023 – 4 billion US dollars
  • (HS code - 84)Machinery – Total import trade rate of Machinery 2023 – 2 billion US dollars
  • (HS code - 72)Iron and steel– Total import trade rate of  Iron and steel 2023 – 1 billion US dollars
  • (HS code - 96)Electronics– Total import trade rate of Electronics 2023 – 1 billion US dollars
  • (HS code - 29)Chemicals– Total import trade rate of Chemicals 2023 – 800 million US dollars
  • (HS code - 95)Plastics– Total import trade rate of Plastics 2023 – 700 million US dollars
  • (HS code - 15)Vegetable Oils– Total import trade rate of Vegetable Oils 2023 – 600 million US dollars
  • (HS code - 48)Paper and paperboard – Total import trade rate of Paper and paperboard 2023 – 500 million US dollars
  • (HS code - 31)Fertilizers– Total import trade rate of Fertilizers 2023 – 400 million US dollars

TOP EXPORTS OF BANGLADESH

The vast land area of the nation and the increased investments of the government authorities lead to a higher number of exports due to exponential growth in its productivity rate. As per the Bangladesh Export Data, the top 10 exports of the nation with its trade values of 2023 are given below,

 

  • (HS code - 62)Garments – Total export trade rate of Garments 2023 – 44 billion US dollars
  • (HS code - 59)Textiles– Total export trade rate of Textiles 2023 – 9 billion US dollars
  • (HS code - 84)Agricultural products– Total export trade rate of Agricultural products 2023 – 7 billion US dollars
  • (HS code - 42)Leather goods– Total export trade rate of Leather goods 2023 – 2 billion US dollars
  • (HS code - 29)Pharmaceuticals– Total export trade rate of Pharmaceuticals 2023 – 1.5 billion US dollars
  • (HS code - 03)Frozen fish and seafood– Total export trade rate of Frozen fish and seafood 2023 – 1.2 billion US dollars
  • (HS code - 29)Chemicals– Total export trade rate of Chemicals 2023 – 1 billion US dollars
  • (HS code - 85)Electronic goods– Total export trade rate of Electronic goods 2023 – 900 million US dollars
  • (HS code - 64)Leather footwear – Total export trade rate of Leather footwear 2023 – 800 million US dollars
  • (HS code - 69)Ceramic products– Total export trade rate of Ceramic products 2023 – 600 million US dollars

TOP TRADED AGRICULTURAL GOODS OF BANGLADESH

Agriculture is one of the attributing factors of the nation due to which the country’s global trade is increasing at a tremendous rate. Agriculture not only promotes the employment rate of the nation but also contributes to the revenue rate. The top 10 agricultural exports as per the Bangladesh Customs Data with their trade values of 2023 are discussed below,

  • Rice – Total trade value of rice in 2023 – 5 billion US dollars
  • Fish and seafood – Total trade value of fish and seafood in 2023 – 3 billion US dollars
  • Jute – Total trade value of jute in 2023 – 2 billion US dollars
  • Vegetables– Total trade value of vegetables in 2023 – 1 billion US dollars
  • Tea – Total trade value of tea in 2023 – 800 million US dollars
  • Fruits – Total trade value of fruits in 2023 – 700 million US dollars
  • Raw Cotton – Total trade value of raw cotton in 2023 – 600 million US dollars
  • Poultry products – Total trade value of poultry products in 2023 – 500 million US dollars
  • Dairy products – Total trade value of dairy products in 2023 – 400 million US dollars
  • Potatoes – Total trade value of potatoes in 2023 – 250 million US dollars

TOP LEADING COMPANIES OF BANGLADESH 2023

The companies of the region are the significant owners of both domestic and international trade which contributes to the annual revenue. As per the Bangladesh Trade Data, the top leading companies of the nation with a trade value of 2023 are discussed below,

  • Beximco Pharmaceuticals Ltd – The export trade rate of Beximco Pharmaceuticals Ltd 2023 – 5 billion
  • Square Pharmaceuticals Ltd – The export trade rate of Square Pharmaceuticals Ltd 2023 – 4 billion
  • Bashundhara Group – The export trade rate of Bashundhara Group 2023 – 2 billion
  • ACME Laboratories Ltd – The export trade rate of ACME Laboratories Ltd 2023 – 1 billion
  • PRAN RFL Group – The export trade rate of PRAN RFL Group 2023 – 800 million
  • Grameenphone Ltd – The export trade rate of Grameenphone Ltd 2023 – 700 million
  • Young One Corporation – The export trade rate of Young One Corporation 2023 – 600 million
  • Unilever Bangladesh Ltd – The export trade rate of Unilever Bangladesh Ltd 2023 – 500 million
  • Apex Footwear Ltd – The export trade rate of Apex Footwear Ltd 2023 – 400 million

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