Overview of 6-Digit MTI Import Statistics
This article analyzes Korea's imports from Bangladesh in 2022-2023 based on 6-digit MTI (Ministry of Trade and Industry) codes. The MTI classification is an industrial categorization framework used by Korea's Ministry of Trade, Industry and Energy, allowing trade flows to be reviewed from an industry perspective rather than only through HS tariff codes.
A 6-digit MTI review makes it possible to understand Korea's imports from Bangladesh in a more systematic sector-by-sector manner and to draw practical implications for sourcing strategy and industrial policy.
2 Years
Coverage Period
2022-2023
$800M+
Total Imports
Two-year total
50+
MTI Classes
6-digit items
Textiles & Apparel
Top Industry
MTI 43
65%+
Textile Share
Dominant position
12%
Agri & Fisheries
MTI 01-03
10%
Leather
MTI 29
13%
Other
Misc. goods & chemicals
Import Structure by Industry
Korea-Bangladesh imports by 6-digit MTI industry group (2022-2023)
| MTI Code | Industry | 2022 Imports | 2023 Imports | Share | Change |
|---|---|---|---|---|---|
| 431100 | Knitted apparel | $180M | $195M | 25% | +8% |
| 432100 | Woven apparel | $150M | $155M | 20% | +3% |
| 431200 | Knitted underwear | $60M | $65M | 8% | +8% |
| 432200 | Woven underwear | $40M | $45M | 6% | +13% |
| 291100 | Leather products | $40M | $45M | 6% | +13% |
| 291200 | Leather footwear | $20M | $23M | 3% | +15% |
| 011200 | Fishery products | $20M | $22M | 3% | +10% |
| 421100 | Jute products | $12M | $14M | 2% | +17% |
| Others | Other industries | $78M | $86M | 11% | +10% |
Comparison of Major Industry Groups
Textiles and Apparel (MTI 43)
Knitted apparel$195M, T-shirts and polos
Woven apparel$155M, shirts and trousers
Knitted underwear$65M, innerwear and socks
Subtotal$460M+ (60%+)
Non-Textile Industries
Leather industry$68M, handbags and footwear
Fisheries$22M, frozen shrimp
Jute industry$14M, eco-friendly products
Others$86M, misc. goods, chemicals, food
Implications for Industrial Policy and Sourcing
01
A need to diversify apparel sourcing
The MTI analysis shows that more than 65% of apparel imports are concentrated in Bangladesh, making diversification an important policy and supply-chain issue. At the same time, Bangladesh remains difficult to replace in the short term because of its strong price competitiveness, often 30-40% lower than China, and its large-scale manufacturing base. Product-specific optimization of sourcing locations is therefore more realistic than abrupt substitution.
02
Leather as a high-growth sourcing segment
The MTI 29 leather segment grew at an annual average rate of 14% over the two-year period. Bangladesh's leather industry has improved environmental compliance as production has shifted from Hazaribagh in Dhaka to the Savar leather industrial estate. This raises its potential as a sourcing base for Korean fashion and accessories brands.
03
Expanding HACCP-certified fisheries supply
For seafood imports from Bangladesh, including shrimp and fish, meeting Korean food safety requirements is critical. The number of HACCP-certified farms and processors is increasing, improving import reliability, but continued monitoring is still needed for sanitation risks such as antibiotic residue detection.
04
Opportunities in eco-friendly imports
The MTI 42 jute segment is growing by roughly 17% a year as ESG and sustainability demand expands. Korean packaging and distribution companies are adopting jute sacks and bags as substitutes for plastic, and Bangladesh, as the world's largest jute producer, can provide relatively stable supply.
How to Use MTI Analysis
Workflow for using 6-digit MTI import statistics
MTI Classification
Categorize by industry
→↓
Share Analysis
Measure sector concentration
→↓
Trend Review
Identify growth industries
→↓
Policy Insight
Refine sourcing strategy
→↓
Action Plan
Implement diversification
A 6-digit MTI review provides a structured way to assess Korea-Bangladesh import patterns through an industry lens. While apparel still dominates the trade structure, the rise of leather and eco-friendly products deserves close attention as Korea considers more diversified sourcing portfolios.
Korea-Bangladesh Import Statistics by 10-Digit HS Code, 2022-2023See a more detailed import breakdown based on HS 10-digit codes
Korea-Bangladesh Export Statistics by 6-Digit HS Code, 2022-2023Review the HS 6-digit analysis of export items
import statisticsMTI6-digit2022-2023industry analysis
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