Fulfil Your Business Requirements with Updated Bangladesh Trade Data

Earlier in the 1900s, Bangladesh was known for maintaining a negative trade balance as the Bangladesh import data was always on the higher end than its exports. For instance, in the 1970s & 1980s, it imported around 3X of its exports. Majorly, its exports included agricultural products and processed natural resources. But now, a new shift has been observed. Now this country is known for exporting many labor-intensive manufactured goods like textiles, footwear, etc. Moreover, the gap between imports and exports have been reduced.

Bangladesh Trade Data 2019-2020

The ratio of exports and imports was 1:1.94 and hence left a negative trade balance of 2629990 million Tk. October- December 2019 (with imports of $17529.19M) became the quarter with maximum imports in the year.

The exports have grown from $19.19B (2010) to $33.61B (2020), which is almost double in a decade. These exports primarily consist of garments and textiles. These industries have low unemployment rates and low minimum wages. These are the key factors of the growth of these industries in the country as well as global. This change has helped in improving the economy of the country.

Top 10 Countries For Imports

  1. China (20.64%)
  2. India (12.07%)
  3. Singapore (7.74)
  4. Indonesia (4.69%)
  5. Malaysia (4.04)
  6. HongKong (3.98)
  7. Japan (3.30)
  8. Korea (2.37)
  9. Germany (1.60)
  10. Kuwait (0.98)

Top 5 Countries For Exports

  1. United States (19.35%)
  2. Germany (14.73%)
  3. United Kingdom (11.03%)
  4. Spain (5.82%)
  5. France (5.53%)

If we compare the Cotton import data in Bangladesh, then too, massive growth has been recorded in the past few years. The imports rose from 110M Tk. in 2015-2016 to 272378M Tk. in 2019-20. The prime reason may be the growth of textiles and garment industries. As the country is promoting these industries, cotton has become one of the major raw materials.

Get Updated Bangladesh Trade Data Here at Seair Exim Solutions

If you are looking for more information on the current trends of trade business, then you can consider taking help from Seair Exim Solution. They offer a database of global trade businesses with verified shipment records. You can access it on the basis of different attributes and parameters. You will be able to review a compiled report to explore more opportunities for your business.

For instance, you can filter the report on keywords like Cotton Import Data Bangladesh. You will get a precise report with all the related shipment data. Now, you will be able to know the traders who are interested in importing cotton, and you can reach out to them for an alliance. Apart from analyzing import data of Bangladesh, you can search for Bangladeshi exporters or traders of any different country. So what are you waiting for? Try it now for free and discover some opportunities for your organizational growth. For more information, connect with us today and we will help you and your business to reach the peak of success.

 

 

 

 

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Bangladesh Import Data for Bangladesh Import Trade Analysis

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Every country do import and export business. The trade data is important for those people who already in import export or want to start up a global import business in Bangladesh. The Import data helps in understanding the fluctuations in the global import trade business. With the help of this data, importers and exporters can get better profits in their business. The data helps understand the actual state of the trade market and the demands of products.   Collecting, validating, and verifying the  Bangladesh Import Data   is very tough. If you do not want a headache, you can consult with any import export data providing company. When it comes to agencies, you have different choices to choose from them. But who is the best, it all depends on your services of the company and your decision? Before going further, let us check out what does this import data has. The  Bangladesh import data mainly contains HS code, product name, ports, quantity, transportation mode, the contact informati
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