Overview of 6-Digit HS Export Statistics, 2022-November 2023
This article analyzes Korea's exports to Bangladesh from 2022 through November 2023 using 6-digit HS codes. By moving beyond broad HS 4-digit groupings into more granular product categories, it tracks export performance and changes at the individual item level.
Based on data available through November 2023, the article also presents full-year estimates and item-specific growth prospects. The analysis is intended to support exporters in refining product strategy for the Bangladesh market.
23 Months
Analysis Period
Jan 2022-Nov 2023
$1.7B+
Total Exports
Cumulative
500+
HS 6-Digit Items
Detailed products
70%
Top 20 Share
Concentration
60+
High Growth
Above +20%
25+
New Items
New in 2023
45+
Declining Items
Below -10%
200+
Stable Items
Within +/-10%
Details of Leading Export Items
Top 15 Korea-Bangladesh Export Items (HS 6-digit, 2022-November 2023)
| Rank | HS Code | Product | Cumulative Exports | Share | Trend |
|---|---|---|---|---|---|
| 1 | 540769 | Polyester fabrics | $330M | 19% | Stable +5% |
| 2 | 721049 | Galvanized steel sheets | $180M | 11% | Growth +8% |
| 3 | 390210 | Polypropylene | $140M | 8% | Surge +21% |
| 4 | 550953 | Polyester-cotton blended fabrics | $100M | 6% | Decline -5% |
| 5 | 848180 | Industrial valves | $98M | 6% | Growth +9% |
| 6 | 854442 | Electric conductors | $90M | 5% | Growth +10% |
| 7 | 730890 | Iron and steel structures | $80M | 5% | Growth +11% |
| 8 | 853710 | Electric control panels | $78M | 5% | Surge +20% |
| 9 | 400259 | Synthetic rubber | $58M | 3% | Surge +20% |
| 10 | 320416 | Reactive dyes | $55M | 3% | Surge +27% |
| 11 | 721391 | Hot-rolled coils | $50M | 3% | Growth +12% |
| 12 | 850440 | Rectifiers and converters | $45M | 3% | Surge +25% |
| 13 | 843143 | Boring and sinking parts | $40M | 2% | Stable +5% |
| 14 | 390120 | High-density polyethylene | $38M | 2% | Growth +15% |
| 15 | 560750 | Synthetic fiber twine and rope | $35M | 2% | Growth +12% |
Classification by Growth Rate
Fast-Growing Items (Above +20%)
Reactive dyes+27%, demand from dyeing and finishing
Rectifiers and converters+25%, power and industrial demand
PP resin+21%, plastics processing growth
Electric control panels+20%, factories and power plants
Declining Items (Below -5%)
Poly-cotton blends-5%, local substitution
Cotton fabrics-8%, import replacement trend
Rebar-12%, Chinese competition
Selected machine parts-7%, shift to Indian suppliers
Emerging Promising Products
01
Rectifiers and Converters (HS 850440): +25%
Exports of rectifiers and converters, including inverters and related equipment, are rising sharply as Bangladesh expands power generation capacity and industrial automation. Demand is increasing for solar inverters, industrial VFDs, and UPS converters, with products from companies such as Korea Power and Korea Hyosung positioned among the main Korean export items.
02
High-Density Polyethylene (HS 390120): +15%
Exports of HDPE are expanding alongside growth in Bangladesh's packaging, pipe, and container manufacturing industries. Demand is rising for PE100 grades used in water and gas pipelines as well as blow-molding HDPE, and Korean suppliers such as Korea Chem and Korea Mart Chemical remain competitive in the market.
03
Synthetic Fiber Twine and Rope (HS 560750): +12%
Exports of synthetic fiber twine and rope are increasing as Bangladesh's fisheries, construction, and logistics sectors expand. Demand is growing for high-strength PE and PP ropes as well as safety net products, where Korean manufacturers can compete on both quality and price.
04
Hot-Rolled Coils (HS 721391): +12%
Exports of hot-rolled coils are expanding with Bangladesh's construction boom and the growth of its appliance and automotive industries. Products from Korea Motors Steel and Korea Steel differentiate themselves from Chinese suppliers through quality premiums, while demand for higher-grade HRC used in premium appliances and auto parts continues to grow.
Detailed Product Analysis Flow
HS 6-Digit Product Analysis Flow
HS 4-Digit Review
Identify broad product groups
→↓
HS 6-Digit Review
Assess detailed items
→↓
Change Analysis
Track growth and decline
→↓
Driver Review
Identify demand factors
→↓
Item Strategy
Expand exports
A detailed HS 6-digit review helps exporters understand item-level performance, identify the drivers behind growth and decline, and optimize their export portfolios around newly promising products.
Korea-Bangladesh Export Statistics by 4-Digit HS Code, 2022-November 2023Review the broader export analysis by HS 4-digit product groups
Korea-Bangladesh Export Statistics by MTI 4-Digit Code, 2022-November 2023See the export analysis based on MTI industrial classifications
export statisticsHS code6-digit2022-202311product analysis
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