Bangladesh, the second largest market for garment exports

bangladesh garment exports imports data

 Bangladesh is the second largest market for garment exports. As per Bangladesh import export data, its garments exports were around 54 billion US Dollars in 2022. The Bangladeshi garments exports were 15% higher than the previous year.

As per past 6 months export data reports of Bangladesh, Knitted Clothing (12 billion), Woven Clothes (10 billion), Textile exports (600 million) and Home textiles (27 billion) were the most exported categories of garments by Bangladesh in 2021.


Bangladesh trade data reports reflect that its total exports were around 42 billion USD in 2021. On the other hand, the total imports by Bangladesh are worth 93 billion US Dollars. Experts suggest that the Bangladesh garments industry could seek 6% growth by 2024.


As per Bangladesh export data, Knitted Apparel & Clothing (24 billion), Clothing Accessories (Not Knitted) (18.5 billion), Worn Clothing (1.2 billion), Footwear (1.1 billion), Woven Fabric (792 million), Fish (479 million), Safety Equipments (463 million), Leather products (401 million), Vegetable / Animal fats, oils (231 million), and Artificial flowers, hairs (202 million) were the major exports in 2021.


Bangladesh exports by country suggests that the exports were to the United States, Germany, United Kingdom, Spain and France. Refat Garments, Chittagong asian apparels limited, and Universal jeans limited were the top Bangladesh suppliers in 2021.


According to the Bangladesh exports 2022 data reports, Garments, jute products, textiles, footwear, frozen fish & shrimps, frozen fish, shrimps, agricultural goods, pharma products, carpets, cotton terry towels and furniture were Bangladesh major exports with high exports value. In the future, Bangladesh Garments and textiles industry will seek more positive growth.

Top Bangladesh Imports 2021-22

According to the Bangladesh import data, Bangladesh major imports were Raw Cotton (8.1 billion), Mineral Fuels (6.3 billion), Electronics (6.1 billion), Electrical Equipment (4.1 billion), Iron & Steel (3.4 billion), Cereals (3.2 billion), Plastics (3 billion), Vegetable/Animal fats & Oils (2.1 billion), Knitted fabrics (2 billion) and Vehicles (1.74 billion).


China, India, Singapore, Indonesia and Malaysia were the top import trading partner countries of Bangladesh. Eastern Refinery, Padma Oil Company and Bangladesh chemical industries were the top Bangladesh buyers in 2021. Petroleum oils, textile, iron & steel, edible oils, chemicals, plastics, and grains were the top imports products of Bangladesh in 2022.


Bangladesh-India Trade Relations


Bangladesh shares strong trade relations with India. As per India export data to Bangladesh, Bangladesh imports from India worth 19 billion US dollars in 2021. These include Cotton (3.45 billion), Cereals (2.21 billion), Mineral Fuels, Oils (1.21 billion), Vehicles (910 million), and Machinery, Reactors (682 million).


According to the India import data from Bangladesh, Bangladesh exports to India totaled around 1.6 billion US dollars in 2021. Clothing & Apparel (not knitted) (281 million), Animal/Vegetable fats & Oils (221 million), Apparel & Clothing (Knitted) (184 million), Textiles & Fabrics (129 million) and Aircrafts, Spacecrafts (120 million) were the most imported goods by Bangladesh from India.


Both the countries are looking forward to strengthening their trade relationship by easing policies on import-exports. 


Scale your business in the Bangladesh Market with Exim GTIS

Get aware of the latest trends of the Bangladesh Market. Discover the most traded goods, analyze price, evaluate production quantity, and identify your competition. Enhance your strategic planning and plan an effective strategy based on our impressive business reports.


It helps you to expand your reach to the global audience through our Global importers, exporters directory. You could discover tons of business leads from our import export data reports of over 200+ countries. 

Comments

Post a Comment

Popular posts from this blog

Global Washing Machine Market Updates 2021

Image
A washing machine is an electronic gadget that is used to wash clothes. In today's time, washing machines are widely used and become an essential need for every home.   washing machine wash clothes without any physical effort. They have the capability to wash any type of clothes.   As per the market intelligence report of the global import export data provider , If we talk about the global washing machine market growth then we see that in the current fiscal year 2022, the global washing machine market reaches $50 Billion US Dollars.   Acquire the global washing machine market updates for 2021 and examine the global commerce market and boost your product sales.   Due to the high demand for washing machines, big investors are investing their money in the global washing machine market.  At the current time, washing machine manufacturers are manufacturing innovative products that reduce carbon dioxide emission and saves electric power  ...
Read more

Indonesia Wheat Imports Increased by 12% amid global crisis

Image
Global wheat export market is very uncertain. The world is suffering from the wheat shortage due to the abrupted wheat supply from Ukraine amid war with Russia. Similarly, the Indonesian government has enhanced its wheat imports by 12% to overcome future wheat shortage. Indonesia is the leading wheat importer in the world.  As per Indonesia import export data reports, Indonesia's total wheat imports for the financial year 2023 were around 11 million metric tons. The total import value for wheat from Indonesia was 4.69 billion US Dollars in 2022.  On the other hand, it was 4.29 billion US Dollars in 2021. Indonesia import data suggests that  India, Ukraine and Canada are the top exporters of wheat to Indonesia. Indonesia wheat imports from India were estimated to be around 7 million US Dollars in 2022. Experts predict that wheat imports could see an increase of 1.3 million metric tonnes in 2023. According to the Indonesia export data reports, total wheat exports from In...
Read more

India Agricultural exports hit record high $50B in 2022

Image
  According to the India import export data reports, India’s agricultural exports had seen a significant growth in the financial year 2022. In 2022, India’s agricultural exports hit a record high of 50 billion US Dollars. There was around 19% increase in agricultural exports from India as compared to the last year (25 billion US Dollars). Our India export data suggests that basmati rice and sugar were the two major agricultural exports from India worth 25.81 billion US Dollars in 2022. As India exports by country data, the United States, Bangladesh, China, United Arab Emirates, Indonesia, Vietnam and Saudi Arabia were the major importers of Indian agricultural commodities. In this blog, you will get a detailed analysis of the top Agricultural exports from India in 2022. Top Agricultural exports Rice India is the world's leading rice exporter with 21 million metric tons exported every year. Indian rice exports grew by 3.5% as compared to the financial year 2021. Indian basmati ric...
Read more