Bangladesh & International Trade

Topics: International trade, Export, European Union Pages: 9 (1923 words) Published: May 25, 2012
BANGLADESH AND INTERNATIONAL TRADE

A) Major Trade Partners of Bangladesh : Major trade partners of Bangladesh in terms of export and import are outlined below.

Table : Export Trade Partners (in Million US$)

| Year | Total |USA |UK |Germany |France |Netherlands |Japan | | 1985-86 | 819 |173 |46 |21 |7 |15 |61 | | 1990-91 | 1718 |507 |137 |165 |86 |62 |41 | | 1995-96 | 3882 |1198 |318 |300 |193 |136 |121 | | 2000-01 | 6467 |2500 |594 |790 |366 |328 |108 | | 2005-06 | 10526 |3040 |1054 |1764 |679 |327 |139 | | 2006-07 | 12178 |3442 |1174 |1955 |732 |459 |148 |

The USA, UK, Germany, France, Netherlands, Italy, Belgium, Japan and some other EU and Non-EU countries are the major export trade partners of Bangladesh of which the USA accounts for almost one thirds of her total export during the last two decades or so (30% in 1990-91, 31% in 1995-96, 39% in 2000-01, and 28.26% in 2006-07 respectively of the total export earnings of Bangladesh)

In Asia, Japan appears to be the prime export partner of Bangladesh. If we look at the economic block-wise export trade, NAFTA appears to be the most successful trade block followed by EU and ASEAN respectively.

Table : Import Trade Partners (in Million US$)

|Year |Total |India |China |Singapore |Japan |Hongkong |S.Korea |USA | |1985-86 |2364 |60 |74 |209 |255 |46 |64 |164 | |1990-91 |3510 |181 |133 |334 |336 |184 |165 |181 | |1995-96 |6931 |1100 |707 |343 |695 |390 |366 |380 | |2000-01 |9335 |1184 |709 |824 |846 |478 |411 |248 | |2005-06 |14746 |1868 |2079 |849 |651 |626 |489 |345 | |2006-07 |17157 |2268 |2571 |1035 |690 |747 |553 |380 |

Major import trade partners are India, china, Singapore, Japan, Hong-Kong, South Korea, Taiwan, Malayasia, USA and some other countries among which India appears to be the single dominating partner since the last one and half a decade. She alone accounts for more than 10% of the total import trade of Bangladesh. Interesting to note that Asian countries constitute the major import trade partners of Bangladesh. Apart from the Asian countries, USA is the single major import trade partner of Bangladesh.

B) Trends and Composition of Trade of Bangladesh : Trends and composition of external trade of Bangladesh in terms of value of items are presented below in the tables.

Table : Items and Value of Export Trade (in Million US$)

|Year |Raw jute |Tea |Frozen food |Jute goods |Leather |RMG |Knitwear | |1985-86 |124 |33 |113 |293 |61 |131 | | |1990-91 |104 |43 |124 |290 |134 |736 |131 | |1995-96 |91 |33 |314...
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