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UK-Bangladesh Trade Facts

 

The trade relationship between Bangladesh and UK has strengthened in last couple of years. Total export to UK from Bangladesh, is nearly 10% of our total export earning. Although UK-Bangladesh trade statistics are encouraging in terms of volume and growth but is worrying that almost 80% of Bangladesh's exports to UK are readymade garment, which enjoys duty free access under EBA (Everything But Arms) policy of European Union. The High Commission remains focussed to further improve the growing trend of economic co-operation between our two countries.

Factors contributing the growth of export from Bangladesh to UK are:
· Competitive edge in quality and price
· Duty free access to the EU Countries policy under EBA (Everything But Arms)
· Increasing cost of production in China and appreciation of RMB
· Increasing compliance (specially in the RMG sector and shrimp) with standards
· Strong backward linkage in knitwear
· High Commission's initiatives

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UK Bangladesh Trade Statistics

(in million US$)

Year

Export to UK

Import from UK

1997-1998

440.19

178.39

1998-1999

491.34

151.88

1999-2000

500.05

225.67

2000-2001

594.38

222.81

2001-2002

648.24

173.61

2002-2003

777.05

169.00

2003-2004

898.21

216.38

2004-2005

944.18

285.91

2005-2006

1048.62

325.42

2006-2007

1173.95

250.00

2007-2008

1374.03

143.65

2008-2009 1501.22 200.00
2009-2010 1508.54 334.40
2010-2011 2065.37 333.37
2011-2012 2639.31 -

 

Bangladesh exports to UK

(Major Items)

Bangladesh imports from UK

(Major Items)

·      Knitwear

·      Woven garments

·      Shrimps

·      Home Textile

·      Bi-cycle

·      Light Engineering Product

·      Vegetables

·      Frozen Fish

·      Terry Towel

·      Tableware

·      Jute yarn and jute goods

·      Computer services

·      Leather Products and Footwear

·      Power generating and industrial machinery & equipment

·      Scrap metal

·      Professional and scientific equipment

·      Textile fibres,

·      Medicinal and pharmaceutical products

·      Dyeing, tanning and colouring materials

·      Electrical machinery, apparatus and appliances

      Chemical materials and products

·      Office machines

 

 

 

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