Overview of HS 4-Digit Export Statistics
This report analyzes Korea's exports to Bangladesh from 2022 through November 2023 using HS 4-digit product codes. The HS 4-digit level is well suited to identifying broad product groups and understanding the overall shape of the export structure.
Based on Korea Customs Service trade statistics, the article reviews the leading export groups, group-level trends, and structural shifts. It also serves as the upper-level frame for more detailed HS 6-digit analysis.
23 months
Period
Jan 2022-Nov 2023
$1.7B+
Total Exports
cumulative
120+
Product Groups
HS 4-digit
65%
Top 10 Share
concentration
HS 5407
No. 1
synthetic fabrics
HS 7210
No. 2
galvanized steel sheet
HS 3902
No. 3
PP resin
Chemicals up
Structural Shift
steel down
Top Export Product Groups
Leading Korea-to-Bangladesh Export Groups (HS 4-digit, 2022-Nov 2023)
| Rank | HS 4-digit | Product Group | Exports | Share | YoY |
|---|---|---|---|---|---|
| 1 | 5407 | Synthetic filament fabrics | $340M | 20% | +5% |
| 2 | 7210 | Coated and plated steel sheets | $190M | 11% | +8% |
| 3 | 3902 | Propylene polymers | $145M | 9% | +18% |
| 4 | 5509 | Blended synthetic yarn | $110M | 6% | -3% |
| 5 | 8481 | Valves and cocks | $105M | 6% | +9% |
| 6 | 8544 | Insulated wire and cable | $95M | 6% | +12% |
| 7 | 7308 | Iron and steel structures | $85M | 5% | +10% |
| 8 | 8537 | Electrical control and distribution boards | $82M | 5% | +18% |
| 9 | 3204 | Synthetic dyes | $65M | 4% | +25% |
| 10 | 4002 | Synthetic rubber | $60M | 4% | +15% |
Export Structure Analysis
Textile and Fabric Group (32%)
HS 5407$340M, largest synthetic fabric item
HS 5509$110M, blended yarn
HS 3204$65M, synthetic dyes rising fast
Key Featurefocused on apparel inputs
Steel, Machinery, and Chemicals (45%)
HS 7210$190M, coated steel sheet
HS 3902$145M, sharp rise in PP resin
HS 8481 and 8544$200M, machinery and electrical goods
Key Featuregrowth in infrastructure and industrial inputs
Structural Change Assessment
01
Chemical products gained share (+18%)
Exports of chemical products such as PP resin (HS 3902), synthetic dyes (HS 3204), and synthetic rubber (HS 4002) expanded rapidly. The increase reflects growth in Bangladesh's plastics processing, garment dyeing, and tire manufacturing industries. Major Korean petrochemical exporters include Korea Chem, Korea Mart Chemical, and Kumho Petrochemical.
02
Electrical and electronic items advanced (+15%)
Products such as electrical control panels (HS 8537), insulated wire (HS 8544), and valves (HS 8481) posted steady growth. Demand has been supported by power plant construction, factory automation, and building electrical equipment projects in Bangladesh.
03
Steel products maintained stable growth (+8%)
Steel items including coated steel sheets (HS 7210) and steel structures (HS 7308) continued to grow on the back of construction and appliance-related demand. However, intensifying price competition from low-cost Chinese and Indian steel highlights the need to shift toward higher value-added products.
04
Synthetic yarn slipped slightly (-3%)
Blended synthetic yarn (HS 5509) declined modestly as Bangladesh strengthened its domestic spinning capacity and import substitution advanced. By contrast, high-performance synthetic fabrics (HS 5407) remained resilient because the local market still depends heavily on imports for those materials.
How to Read the Export Statistics
HS 4-Digit Export Analysis Flow
Aggregate HS 4-digit data
Build large product groups
→↓
Measure share
Identify structure
→↓
Track change
Compare year on year
→↓
Interpret shifts
Extract trends
→↓
Move to HS 6-digit
Conduct deeper analysis
HS 4-digit group analysis is the right starting point for understanding macro-level shifts in Korea-Bangladesh export structure. The transition from a textile-heavy mix toward chemicals, machinery, and electrical goods suggests that Bangladesh's industrial base is becoming more sophisticated.
Korea-Bangladesh Export Statistics by HS 6-Digit Code, 2022-November 2023Review the more detailed HS 6-digit export analysis
Korea-Bangladesh Export Statistics by MTI 4-Digit Code, 2022-November 2023See export analysis based on the MTI industry classification
export statisticsHS code4-digit2022-202311product groups
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