Trade Trend

In 2023, Bangladesh's total export value is 52.37Billion USD, total import value is 64.59Billion USD, Deficit is -12.23Billion USD, and foreign trade dependency is 0.267. In 2023，Bangladesh's top export products are Tshirts, singlets and other vests; knitted or crocheted(7.39Billion USD), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(7.30Billion USD), Jerseys, pullovers, cardigans, waistcoats and similar articles; knitted or crocheted(6.47Billion USD), top export destinations are United States(8.67Billion USD), Germany(8.34Billion USD), United Kingdom(4.25Billion USD). In 2023, Bangladesh's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(7.49Billion USD), Cotton; not carded or combed(2.13Billion USD), Ferrous waste and scrap; remelting scrap ingots of iron or steel(1.76Billion USD), top import origins are China(22.96Billion USD), India(11.25Billion USD), Indonesia(3.58Billion USD).

Comparing to 2022, Bangladesh's total export value decreased -10.57Billion USD(-16.79%) in 2023, this could result from its export decreases of products such as Tshirts, singlets and other vests; knitted or crocheted(-1.44Billion USD or -16.26%), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(-1.25Billion USD or -14.66%), Jerseys, pullovers, cardigans, waistcoats and similar articles; knitted or crocheted(-1.24Billion USD or -16.09%) and export decreases to countries/economics such as United States(-3.15Billion USD or -26.65%), Germany(-2.02Billion USD or -19.46%), France(-722.25Million USD or -14.70%). Comparing to 2022, Bangladesh's total import value decreased -20.66Billion USD(-24.24%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-3.74Billion USD or -33.29%), Petroleum gases and other gaseous hydrocarbons(-2.04Billion USD or -74.51%), Fertilizers; mineral or chemical, containing 2 or 3 of the elements nitrogen, phosphorus, potassium; other fertilisers; goods of chapter 31 in tablets or packages of gross weight not exceeding 10kg(-812.52Million USD or -81.75%), and its import decreases from countries/economies such as China(-3.54Billion USD or -13.35%), India(-2.73Billion USD or -19.53%), Malaysia(-1.77Billion USD or -41.97%).

Cumulated to first 7 months of 2024, Bangladesh's total export value is 18.81Billion USD, total import value is 24.09Billion USD, and tradedeficit is -5.28Billion USD. Cumulated to first 7 months of 2024, Bangladesh's top export products are Tshirts, singlets and other vests; knitted or crocheted(2.94Billion USD), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(2.88Billion USD), Suits, ensembles, jackets, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (other than swimwear); womens or girls (not knitted or crocheted)(2.31Billion USD), and top export destinations are United States(3.47Billion USD), Germany(2.97Billion USD), United Kingdom(1.39Billion USD). Cumulated to first 7 months of 2024, Bangladesh's top import products are Tshirts, singlets and other vests; knitted or crocheted(2.94Billion USD), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(2.88Billion USD), Suits, ensembles, jackets, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (other than swimwear); womens or girls (not knitted or crocheted)(2.31Billion USD), and top import origins areChina(10.09Billion USD), India(3.97Billion USD), Brazil(1.15Billion USD).