Bangladesh Export and Import Data 2020 Overview
Bangladesh's total trade in FY2019-20 reached approximately USD 85 billion (exports: USD 33.7B; imports: USD 51.1B). Despite the COVID-19 shock, the trade deficit narrowed year-on-year to USD 17.4 billion. Garment (RMG) exports of USD 27.9 billion accounted for 83% of total exports, while imports were dominated by raw materials, capital goods, and food. Detailed HS code-based data is available from the Export Promotion Bureau (EPB) and the National Board of Revenue (NBR).
Major Export Categories Analysis
RMG dominates at USD 27.9 billion, subdivided into knitwear (USD 15.3B) and woven garments (USD 12.6B). Non-RMG exports are led by jute and jute goods (USD 1.1B), fishery products (USD 0.5B), leather and footwear (USD 1.0B), and IT services (USD 1.3B). Korean exports to Bangladesh totaled USD 1.2 billion, primarily in textile fabrics, machinery, and chemicals.
| HS Chapter | Product | Value | Share | YoY Change |
|---|---|---|---|---|
| 61 | Knitwear | $15.3B | 45% | -7% |
| 62 | Woven Garments | $12.6B | 37% | -12% |
| 53 | Jute and Jute Products | $1.1B | 3.3% | -5% |
| 42+64 | Leather and Footwear | $1.0B | 3.0% | -10% |
| 03+16 | Fishery Products | $0.5B | 1.5% | -15% |
| 85 | IT and Electronic Services | $1.3B | 3.9% | +5% |
| Other | Agricultural products, chemicals, etc. | $1.9B | 5.6% | -8% |
Major Import Categories Analysis
Top import categories include cotton and textile raw materials (USD 8.5B), petroleum products (USD 5.2B), capital goods and machinery (USD 7.3B), edible oils and cereals (USD 4.1B), and iron and steel (USD 3.8B). Korean exports to Bangladesh totaled USD 0.8 billion, primarily synthetic fibers, electronic components, and machinery.