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Bangladesh import Statistics

Bangladesh Import Data

Bangladesh, a country located in South Asia, is known for its vibrant textile industry, and thriving economy. In recent years, it has emerged as a major player in the global market, showcasing impressive growth in various sectors. Keeping track of Bangladesh import data is crucial for businesses aiming to enter or expand in this dynamic market. By understanding the significance of import data, identifying key trends, and accessing the necessary information, businesses can make informed decisions, develop effective strategies, and seize opportunities in Bangladesh's import market. One crucial aspect of Bangladesh's trade scenario is its import market. 

According to the Bangladesh import data, Bangladesh imported goods worth about $66.9 billion in 2023. Bangladesh has a total GDP of $446.35 billion. Bangladesh has a total GDP import share of 20.9%. Bangladesh is also a part of major trading blocs such as SAARC, RCEP, EU-Bangladesh cooperation agreement, and WTO. The main imports of Bangladesh include mineral fuels and mineral oils while the biggest import partner of Bangladesh is China. Let’s dive into Bangladesh's import data, shedding light on the country's import trends along with its top imports and partners. 

Bangladesh Import Data | Bangladesh Customs Data | Bangladesh Trade Data

51

The country has been ranked 51st in global imports, showing a significant position in the international trade and import landscape.

0.2%

With a mere 0.2% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

CHINA

China holds a significant role as the largest import partner of the country in terms of goods imports.

MINERAL FUELS AND MINERAL OILS

Mineral fuels and mineral oils are the major and biggest import commodities of the country, playing a vital role in its economy with its import share.

import

Top 10 imports of Bangladesh

To satisfy its domestic needs and promote economic growth, Bangladesh primarily depends on imports. The nation imports a wide range of items and commodities, including consumer goods, electronics, chemicals, petroleum products, machinery, raw materials, and raw materials. By examining the Bangladesh import data, we may determine the needs and preferences of the nation while also learning more about its international trade links. The top ten imports of Bangladesh according to the Bangladesh import data for 2023 are as follows:

  • Mineral Fuels and Mineral oils (HS code 27): 28% ($10 billion)
  • Nuclear reactors and machinery (HS code 84): 18% ($6.5 billion)
  • Cotton (HS code 52): 16% ($5.8 billion)
  • Electrical Machinery and Equipment (HS code 85): 13% ($4.5 billion)
  • Iron and Steel (HS code 72): 11% ($4 billion)
  • Miscellaneous Chemical Products (HS code 38): 10% ($3.8 billion)
  • Vehicles (HS code 87): 8% ($2.8 billion)
  • Plastics and Articles Thereof (HS code 39): 7% ($2.5 billion)
  • Pharmaceutical Products (HS code 30): 6% ($2.3 billion)
  • Cereals (HS code 10): 5% ($1.8 billion)
    • Partners

    Bangladesh’s top 10 import partners

    Understanding Bangladesh's trade and economic dynamics can be achieved by monitoring and evaluating the country's total imports. China is the biggest import partner of Bangladesh with imported goods worth a total of $12 billion in 2023. According to data from Bangladesh's customs shipments, and import data for 2023, Bangladesh’s top 10 import partners are:

    Value In Percentage(%)

  • China: 30% (12 billion US$)
  • India: 19% (7.5 billion US$)
  • United Arab Emirates: 13% (5 billion US$)
  • Saudi Arabia: 11% (4.5 billion US$)
  • Indonesia: 8% (3 billion US$)
  • Japan: 6% (2.5 billion US$)
  • South Korea: 5% (2.2 billion US$)
  • Malaysia: 5% (2 billion US$)
  • Singapore: 4% (1.8 billion US$)
  • Thailand: 4% (1.7 billion US$)
    • Sample Data

    Understanding Bangladesh Import Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    The total import of Bangladesh refers to the value of goods and services brought into the country from foreign sources during a specific period, typically a year. It is an essential indicator that reflects the nation's dependence on other countries for its domestic consumption and industrial requirements. Bangladesh import data refers to the statistical information that provides a comprehensive overview of goods imported into the country. It includes details such as the product's description, quantity, value, country of origin, and other relevant information. This data is collected and maintained by customs authorities and is a valuable resource for understanding the country's import trade dynamics. Tracking and analyzing the total imports help in understanding the economic and trade dynamics of Bangladesh. According to the customs database for the imports of Bangladesh, the total imported goods accounted for $66.9 billion in 2023.  So, as you can see, we obtain trustworthy data from organizations, shipping businesses, and customs ports. The trade data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, importers/exporters names and addresses, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of the trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Benefits

    Benefits of the Bangladesh Import Data

  • Create leads from the Bangladesh Market using your ideas.
  • Discover Bangladesh's current product demand.
  • Follow your rivals and surpass them.
  • Make your marketing plan based on data.
  • Expand your market presence in Bangladesh.
  • Establish long-term objectives and maximize earnings.

    • Frequently Asked Questions!!

    The total value of imported goods by Bangladesh was $66.9 billion in 2023.

    China had the highest percentage of the Bangladesh import market in 2023.

    Mineral fuels and mineral oils, nuclear reactors and machinery, and cotton were the top 3 imports of Bangladesh in 2023.

    Machinery and mechanical appliances, textiles, mineral fuels, mineral oils, products of their distillation, iron and steel, electrical machinery, cereals, plastics, and pharmaceutical products are some major import categories.

    Some benefits of the Bangladesh import data include Creating leads, identifying product demand, tracking competitors, and making marketing plans based on data.

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