Trade and Investment

Booming Exports, especially Ready Made Garments
  • Exports worth $23BN, growing at 41% in FY 2011
  • World’s #3 exporter of RMG, which accounts for 78% of exports
  • Strong exports of Jute, Leather, Seafood, but more diversification needed to reduce reliance on RMG Growing expertise in high‐end sectors
  • Manufactures high‐end garments for Hugo Boss, Calvin Klein, Esprit etc., and produces high‐end leather goods
  • Shipbuilding exports +333% FY 2011
  • Manufactures pharmaceuticals for export
  • Named as a top‐30 location for offshore IT services by Gartner
  • Emerging light engineering industry to capitalise on export hub, and growing domestic demand for mid‐range goods

Big trade deficit

  • Imports worth $34BN also growing by 42%
  • Big trade deficit, fuelled by demand for fuel, raw materials, and capital machinery

 199220002001200220032004200520062007200820092010
GDP per capita (US$) 290 364 376 386 399 418 437 460 484 509 532 557
Poverty Headcount (%) 59% 49%         40%         32%

Bangladesh is a rapidly emerging market

  • Strong and stable GDP growth for a long period of Time
  • Growth remained strong during the financial crisis

Top Imports 2010/2011USD mn
Petrol, Oil, Lubricants (POL) $ 3,186
Raw cotton $ 2,689
Textile and articles thereof $ 2,680
Capital machinery $ 2,325
Iron, steel and other base metals $ 2,004
Food Grains $ 1,911
Yarn $ 1,391
Plastics $ 1,302
Chemicals $ 1,254

 

Leading Suppliers 2010/2011% of total
China 19.7
India 15.2
Malaysia 5.8
Japan 4.4
Singapore 4.0
Germany (#13) 2.3
 
 
Leading Export Markets 2010/2011USD mn
USA $ 5,108
Germany (#2)$ 3,439
UK $ 2,065
France $ 2,065
Netherlands $ 2,065