Bangladesh Customs Data - To Get Benefits Trading with Bangladesh

The Republic of Bangladesh is on the northern coast of the Bay of Bengal. Bangladesh shares a border with India and Myanmar. Bangladesh has an emerging economy and is one of the fastest-growing economies in the world. Recent reforms have reduced poverty levels across the country. Bangladesh is an agricultural economy. The read-made garment sector is a large employer and is a major foreign exchange earner for the country. According to Bangladesh customs data, foreign trade is 37% of the GDP.

Bangladesh customs data is invaluable data for importers/exporters, manufacturers, management consultants, logistics companies, and financial institutions. The information provided allows traders to find profitable commodities if they wish to diversify. They can identity ideal price and volume bands for their commodities. Importers and exporters can find profitable buyers and sellers. They can find new markets. Importers and exporters can use the database to get an idea about their market share.

Bangladesh has a mix of rivers, land, sea, and airports. As per Import data Bangladesh, the major ports in Bangladesh are:-

·         Chittagong Port

• Port of Dhaka
• Barisal River Port

• Benapole land port
• Port of Mongla

Bangladesh customs import data shows in the first seven months of the financial year, Bangladesh imported 31.92 billion USD. Higher imports show the Bangladesh economy is bouncing back after the Covid-19 pandemic. Bangladesh imported commodities worth 6.69 billion USD in January 2021. If we study the Bangladesh imports for 2020, the highest imports were recorded in December (5.52 billion USD), and the lowest imports were in April (2.488 million USD).  

Bangladesh custom import data shows the top imports of Bangladesh are:-

• Machinery including computers
• Cotton
• Mineral oil
• Electrical equipment
• Iron and steel

China is the top import partner of Bangladesh. In 2018 32.7% of imports were from China while 15.8% of imports were from India. Bangalore imports from Singapore 232 Million USD. Machinery Import data Bangladesh is the top imports of Bangladesh. Get the detailed knowledge of imports from the website.