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Showing posts with the label bangladesh import data

Bangladesh exports down by 65% in 2023

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  During 2023, Bangladesh exports declined by 65%. The main reason behind this is the lack of cargo infrastructure and low demand for RMG related goods which are the major exports of Bangladesh. As per Bangladesh export data , 90% of the country’s overall exports were ready made garments.  Bangladesh readymade garments exports showed a slight growth of 1.8% and is estimated to be around $25 billion during 2023. These mainly include cotton t-shirts, jeans, jerseys, waistcoat, blazer, and various jute related articles. Bangladesh customs data shows that the country’s overall exports accounted for $60 billion in 2023. Jute related articles accounted for around $268 million in 2023. Also, there were some notable amounts of shipments recorded for Bangladesh’s Black cumin seed oil ($52 M), Palm oil ($18 M),Sweet biscuits ($16 M) exports.  Among agricultural sectors, Bangladesh’s top exports items were strawberries, alphonso, watermelons, pomegranates, potatoes, cabbages, broc...

Bangladesh vegetable exports drop by 60% during FY 2023

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  Over the past three years, Bangladesh vegetable exports declined significantly. According to Bangladesh import export data , the country’s vegetable exports during  2021 were estimated to be around $271 million. Whereas, in 2022, it came down to $131 million while the latest reports, the exports were $68 million during 2023.  Bangladesh vegetable exports decreased by 60% as compared to previous year. This is due to the shortage of cargo space and lack of scanners at the country's airports. Also, during the covid pandemic, the vegetable supply has been affected. This resulted in the decline of vegetable exports from Bangladesh.  Bangladesh's key vegetable exports includes lemons, potato, root vegetables, cabbages, cauliflowers, Snake gourd, broccoli, and terragon products. Malaysia, the United Kingdom and Sri Lanka were the most prominent markets for Bangladesh vegetables. Malaysia imported over $49 million with over 22% of Bangladesh vegetables exports in 2023....

Bangladesh planning to boost halal products exports to Gulf countries

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  Bangladeshi market is a very fast progressive market. Over the years, Bangladeshi exports have been propelled at an express rate. As per the Bangladesh import export data reports, the country’s exports are nearing $60 billion this year. Whereas, last year, Bangladesh exports totaled to be $49 billion. The United States was the most prominent market for Bangladeshi exports having over 18% market share.  Germany was the second leading market for the Bangladesh exports with over 12% share. Other major potential markets for Bangladesh exports were the United Kingdom, Spain, France, Poland, India, Netherlands, Italy and Canada. Garments were the most exported items from Bangladesh accounting for over 90% of the country's overall exports. Rifat Garments and Liberty Knitwear were the top garment suppliers from Bangladesh. Bangladesh has a very minor presence across Gulf countries like Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Oman, etc. The Bangladesh government has dev...

Bangladesh exports in Q3 hit record $13 billion

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  Bangladesh is a continuously progressing country. Bangladesh has done significantly well in the overall exports this year around. According to the historical Bangladesh import export data , around $55 billion worth of exports were recorded during FY 2022. Whereas, in 2021, the exports were around $45 billion. This year, Bangladesh set a target of $72 billion this year. Bangladesh has started on a positive note. As per Bangladesh customs data reports, the exports during July-September 2023 reached around $13 billion with an increase of over 9.3%. It was the highest increase noticed in any quarter of this year. This is the highest amount of exports recorded in 2023. This was due to the rise in demand of ready made garments which is the main export of Bangladesh. Readymade garments were the top export products from Bangladesh with an overall increase of 13% as compared to the same period during the last financial year. Bangladesh export data reflects that the total garments export...

Bangladesh eye's niche European market for exports

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  Bangladesh is an emerging economy. Its exports are continuously expanding. Bangladesh's most prominent exports are textiles. Bangladesh is ranked third biggest exporter of textiles globally. Bangladesh textiles are in very high demand in the US market which is also the top importer from this country. According to the Bangladesh import export data reports, the country’s textile exports increased by 10% during 2022. Bangladesh overall textiles exports were totaled to be $42 billion in 2022. Whereas, last year it was around $38 billion dollars.  Among top textiles exporters, European countries like Germany, Italy, France, Netherlands and Belgium were the significant importers. As per Bangladesh customs data , textile exports to the EU saw a rise of 22% in 2022. The shipments were worth around $19 billion during 2022.  The latest figures show that the Bangladesh textiles exports to the European Union saw 12% decrease during the first half of FY 2023. The exports were total...

Bangladesh food imports record high amid low production

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  Bangladesh mostly relies on food products imports. According to the Bangladesh import export data reports, the imports of cereals and other valuable food items worth around 1.1 trillion Bangladeshi Taka during the fiscal year 2022.  Rice and Wheat are the most consumed products in Bangladesh. As per the Bangladesh customs data , around 4.5 million tonnes worth rice was imported by Bangladesh while 4.3 million tonnes worth wheat imported during FY 2022. During fiscal year 2022, Bangladesh wheat production was around 1.2 million metric tons, whereas the country's rice production reached 35 million metric tonnes. Whereas, Bangladesh corn production is recorded to be 4.9 million metric tonnes in 2022.  Due to adverse climatic conditions, Bangladesh staple food crops production has been affected. Experts forecasts for this year suggest the increase in the rice imports and decline in the imports of wheat. Bangladesh is currently the 8th biggest importer of wheat globally. Ac...

Rise in Bangladesh's mango exports in FY22

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  Bangladesh mango exports had seen rapid growth during the financial year 2022. In the fiscal year 2022, Bangladesh mango exports doubled to around 4000 tons. According to last year Bangladesh customs data , the Bangladesh mango exports were 1757 tons with worth around 236 thousand dollars. Whereas, in 2020, it was mere 40 thousand dollars. Currently, Bangladesh exports its mangoes to over 15+ countries. Earlier, it was limited to 2-3 countries only. These include the United Arab Emirates, Switzerland, Italy, Bhutan, India, Britain, Kuwait, Netherlands, Singapore, etc. The top mango varieties exported from Bangladesh include Himsagar, Khirshapat, Amrapali and Langra. The top mango export companies from Bangladesh are Himsagar Mango, Mangoes, Adib Prottoy, Perfect Living, Hayatee Agro and Mehedi Masud. The Bangladesh government has set the target of 600 thousand dollars worth mango exports for this year.  Bangladesh top agriculturists predict that the country's total mango pro...

Bangladesh To Raise Its Onion Imports To Stablize Domestic Market

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  Bangladesh has been the prominent importer of onions over the years. For the past few years, Bangladesh's onion production has been affected. That resulted in the price hike in the domestic market. Another main reason was the halted supply of onions from India. That resulted in the hike in onion prices in the Bangladesh market. The prices of onions had reached to TK100-200 per kg which was TK 20-30 per kg. The government has taken the adequate step to enhance onion production. Last year onion production in Bangladesh reached 2.4 to 2.8 million tonnes. According to the experts, it will increase by 35% this year and could become 3.4 million this year. As per Bangladesh import data reports, around 572 million worth of onions were imported during the financial year 2021-22. The major exporters of onions to Bangladesh were India, Turkey, Myanmar, Pakistan and New Zealand. According to the Bangladesh import export data reports, India exported onions to Bangladesh worth 148 million do...

India-Bangladesh friendship pipeline (IBFPL)

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  Bangladesh and India both share healthy trade relations. As per the Bangladesh customs data , Indian exports to Bangladesh were around 16 billion US Dollars in 2022. On the other hand, there were around 2 billion US Dollars exports from Bangladesh according to the Bangladesh export data reports. Crude Oil is among the most traded goods from India to Bangladesh. Our Bangladesh import export data suggest that around 7.5 million metric tons of crude oil is imported from India to Bangladesh. There was around 18% increase in crude oil imports of Bangladesh. To support easy flow of crude oil across the country, India and Bangladesh have laid a cross border oil pipeline. It is a 136 km long gas oil pipeline to support flow of crude oil from India to Bangladesh. As per the Bangladesh import data , crude oil imports from Bangladesh from India were 2200 million metric tons per month. The Top Crude Petroleum Oil exporting companies to Bangladesh are Kuwait Petroleum Corporation, China’s P...

Bangladesh Loudspeaker export market statistics report

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Bangladesh is a growing country located in the Asian continent and contributes huge parts in terms of imports and exports of goods & services throughout the world. Bangladesh is one of the top countries in loudspeaker export.  According to the latest Bangladesh import export data on the loudspeaker export market, Bangladesh has grabbed the third position in the list with an export value of US$2.2 million in the fiscal year of 2017-2018.  The loudspeaker export market in Bangladesh is currently in a state of flux. The industry is experiencing rapid growth, but there are also a number of challenges that producers are facing.  This chapter will explore the current state of the loudspeaker export market in Bangladesh and highlight the key challenges that producers are facing. What are the top export destinations for loudspeakers from Bangladesh?    The top export destinations for loudspeakers from Bangladesh are the United States, the United Kingdom, Canada, an...