Overview of K-stat Trade Statistics Analysis
This article analyzes Korea-Bangladesh trade data using the K-stat trade statistics system operated by the Korea International Trade Association (KITA). K-stat is a core data source for understanding Korea's trade relationship with Bangladesh, offering detailed statistics by HS code, partner country, and period based on Korea Customs Service clearance data.
Analysis of Korea's Exports to Bangladesh
Based on K-stat data, Korea's top export items to Bangladesh are plastics and synthetic resins (HS39), iron and steel (HS72), man-made fibers and fabrics (HS54-55), machinery (HS84), and electrical equipment (HS85). The top five product groups account for roughly 65% of total exports, indicating a concentrated export structure.
| Rank | HS Code | Product | Export Value | Share | YoY |
|---|---|---|---|---|---|
| 1 | HS39 | Plastics and synthetic resins | $228M | 21.5% | +7.0% |
| 2 | HS72 | Iron and steel | $185M | 17.5% | +2.4% |
| 3 | HS54-55 | Man-made fibers and fabrics | $148M | 14.0% | +12.8% |
| 4 | HS84 | Machinery | $95M | 9.0% | -8.5% |
| 5 | HS85 | Electrical equipment | $72M | 6.8% | +3.2% |
| 6 | HS29 | Organic chemicals | $48M | 4.5% | -5.2% |
| 7 | HS73 | Articles of iron and steel | $42M | 4.0% | +1.8% |
| 8 | HS40 | Rubber products | $35M | 3.3% | +4.5% |
| 9 | HS32 | Dyes and pigments | $28M | 2.6% | +6.2% |
| 10 | HS87 | Vehicles and parts | $22M | 2.1% | +5.5% |
Analysis of Korea's Imports from Bangladesh
Korea's imports from Bangladesh are overwhelmingly concentrated in apparel, particularly knitwear (HS61) and woven garments (HS62). Leather and fur products (HS41-42), fisheries products (HS03), and textiles (HS52) follow behind.