Overview of 6-Digit HS Export Statistics
This article analyzes Korea's exports to Bangladesh in 2022-2023 using 6-digit HS codes. The 6-digit HS level is the most widely used international classification depth for comparing trade by product and allows a detailed view of export performance by item.
Based on Korea Customs Service trade statistics, the analysis highlights leading export items, year-on-year changes by product, and newly emerging opportunities to support Korean companies in refining their Bangladesh export strategies.
2 Years
Analysis Period
2022-2023
$1.8B+
Total Exports
Two-year total
500+
Export Items
At HS 6-digit level
60%+
Top 10 Share
Export concentration
Synthetic Fabrics
Largest Item
HS 5407
50+
Growing Items
More than +20%
30+
New Items
New in 2023
40+
Declining Items
Less than -20%
Top Export Items by 6-Digit HS Code
Top 10 Korea-Bangladesh Export Items (HS 6-digit, 2022-2023)
| Rank | HS Code | Product | 2022 Exports | 2023 Exports | Growth Rate |
|---|---|---|---|---|---|
| 1 | 540769 | Synthetic fiber fabrics (polyester) | $180M | $195M | +8% |
| 2 | 550953 | Blended fabrics (polyester-cotton) | $120M | $110M | -8% |
| 3 | 721049 | Galvanized steel sheets | $95M | $105M | +11% |
| 4 | 390210 | Polypropylene (PP) | $70M | $85M | +21% |
| 5 | 848180 | Valves and cocks | $55M | $60M | +9% |
| 6 | 854442 | Electric conductors (cables) | $50M | $55M | +10% |
| 7 | 730890 | Iron and steel structures | $45M | $50M | +11% |
| 8 | 853710 | Electric control panels | $40M | $48M | +20% |
| 9 | 400259 | Synthetic rubber | $35M | $42M | +20% |
| 10 | 320416 | Reactive dyes | $30M | $38M | +27% |
Export Structure by Sector
Textile and Garment Inputs (50%+)
Synthetic Fabrics$195M, largest export item
Blended Fabrics$110M, cotton blend demand
Dyes and Preparations$38M, reactive dyes surging
Textile Machinery$25M, looms and knitting machines
Steel, Machinery, and Chemicals (35%+)
Galvanized Steel$105M, for construction and appliances
PP and Synthetic Rubber$127M, plastic feedstock
Valves and Machinery$60M, industrial equipment
Electrical and Electronics$103M, cables and control panels
High-Growth Product Analysis
01
Reactive Dyes (HS 320416): +27%
Exports of reactive dyes rose sharply as Bangladesh's garment industry expanded its dyeing and finishing capacity. Compared with competing Chinese products, Korean dyes are well positioned on color consistency and compliance with environmental standards. Demand for eco-friendly dyes is expected to keep rising as European buyers tighten ESG requirements.
02
Polypropylene PP (HS 390210): +21%
PP exports increased significantly alongside the expansion of Bangladesh's plastics processing industry. Demand is widening for packaging materials, appliance parts, and construction inputs, while Korean suppliers such as Korea Chem and Korea Mart Chemical remain competitive on both quality and pricing.
03
Electric Control Panels (HS 853710): +20%
Exports of electric control panels, including MCC and distribution boards, grew as Bangladesh increased investment in power plants and factory construction. Demand for PLC- and HMI-based systems is also benefiting from industrial automation and smart factory trends, with Korean brands such as Korea Power and Korea Hyosung maintaining visibility in the market.
04
Synthetic Rubber (HS 400259): +20%
Synthetic rubber exports increased on the back of Bangladesh's growing automotive and motorcycle industries and the expansion of tire and rubber goods manufacturing. Demand is broadening for specialized grades such as SBR, BR, and EPDM, where Korean producers including Kumho Petrochemical and Korea Chem remain important suppliers.
How to Read the Export Statistics
6-Digit HS Export Statistics Analysis Flow
Data Collection
Korea Customs statistics
→↓
Product Classification
HS 6-digit level
→↓
Growth Review
Year-on-year comparison
→↓
Opportunity Scan
Identify fast-growing items
→↓
Strategy Design
Expand exports
By analyzing export statistics at the 6-digit HS level, Korean companies can gain a more granular picture of their export structure to Bangladesh and build market expansion strategies around the products showing the strongest growth.
Korea-Bangladesh Import Statistics by 10-Digit HS Code, 2022-2023Review a more detailed HS 10-digit analysis of import items
Korea-Bangladesh Export Statistics by 4-Digit HS Code, 2022-November 2023See the broader HS 4-digit export structure by major product group
export statisticsHS code6-digit2022-2023product analysis
Related Articles
Market Intelligence