Trade Scenario Between Bangladesh and Bhutan

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Trade Scenario Between Bangladesh and Bhutan

Trade Scenario Between Bangladesh and Bhutan

A general Trade Agreement between Bangladesh and Bhutan was signed in May 2003 for a 5-year term with provision for renewal beyond that period with its Protocol. After the expiry of this Trade Agreement, a new Agreement, with a 5-year term, was signed on 7 November, 2009 during the visit of the Hon’ble PM of Bangladesh. Bangladesh has started internal process to renew this agreement as per decision taken at the Commerce Secretary level meeting held in Thimphu during 09-10 April 2014 and renewed on 06 December 2014. The Bangladesh side attached the importance on the exchange of trade and investment related information among the business people and having cooperation· among business community and especially on cooperation among the Chambers of Commerce in the two countries. The Bhutanese side

Bhutanese Highest Business organization was requested to field a business delegation to Bangladesh to explore the huge business opportunities. Bhutanese side agreed to encourage the private sector as well as the Bhutan Chamber of Commerce & Industry to take the initiative of sending a business delegation to Bangladesh, while at the same the Bangladeshi side will also look into fielding a business delegation to Bhutan. The Bhutanese side shared the interest of promoting Bhutan as an investment market and stressed on the need to undertake special efforts for furthering trade and bilateral investment in the interest of the private sector of both the countries. The Bhutanese side also narrated the initiative being taken to develop the industrial estates along the southern part of the country near the huge Indian market and cited the availability of clean hydropower at competitive rates besides other incentives available

Bangladesh’s export to Bhutan: Fruit juice, breakfast cereal, Garments, Melamine, Pharmaceuticals, Toiletries, kitchenware etc. dominate the export of Bangladesh to Bhutan.

Bangladesh imports: Fruits, minerals & stones, spices, cereal, prepared animal fodder etc. spices from Bhutan

Export and Import Statistics Between Bangladesh and Bhutan ( Value in milliom US$)

Fiscal Year	Import from Bhutan	Export to Bhutan	Balance of Trade	Total Trade
2008-2009	12.16	0.61	(-) 11.55	12.77
2009-2010	11.98	2.24	(-) 9.74	14.22
2010-2011	18.60	3.12	(-) 15.48	21.72
2011-2012	20.71	9.13	(-) 11.04	29.84
2012-2013	24.67	1.82	(-) 22.85	26.49
2013-2014 (July-March)	18.14	1.37	(-) 9.01	10.59
2015-16	21.60	4.74	(-) 16.86	26.34
2016-17	33.13	3.21	(-) 29.92	36.34
2017-18	32.30	4.38	(-) 27.92	36.68
2018-19	49.90	7.56	(-) 42.34	57.46
2019-20	40.90	4.36	(-) 36.54	45.26
2020-21	38.80	6.89	(-) 31.91	45.69
2021-22	35.50	9.56	(-) 25.94	45.06
2022-23		22.11

Top 20 Exported Item in Bhutan for the year 2020-2021:

Sl	Item Name	Amount in USD
1	26190000: Slag,Dross,Etc,From The Manufacture Of Iron/Steel (Excl.Granulated Slag)	2,096,253.39
2	20098900: Juice of any other single fruit or vegetable other than Cranberry Juice	699,098.80
3	62071100: Men'S Or Boys' Underpants And Briefs Of Cotton	598,541.63
4	19059000: Pastry,Cakes,Other Bread, Etc, Nes; Communion Wafers, Rice Paper, Etc, TV	545,021.88
5	76151010: Table, kitchen or other household articles and parts thereof; of aluminium... polishing	373,656.19
6	94039000: Parts Of Furniture	309,759.90
7	39241000: Tableware And Kitchenware Of Plastics	244,593.11
8	19053100: SWEET BISCUITS, TV	215,884.22
9	63051000: Sacks And Bags, Used For Packing Goods, Of Jute, Etc	189,010.39
10	34011100: Soap And Organic Surface-Active Products In Bars, Etc, For Toilet Use	184,232.68
11	76101000: Doors, Windows And Their Frames And Thresholds For Doors, Of Aluminium	148,730.30
12	19054000: Rusks, Toasted Bread And Similar Toasted Products	142,769.61
13	30049099: Other(excl.anti-malaria, anti-TB, anti-leprosy....and kidney dialysis solution	142,190.94
14	17049090: Sugar confei (incl. whit chocole), not cont cocoa, nes excl. Put up for retail sale	126,631.96
15	94037000: Furniture (Excl. Seats) Of Plastics	124,182.49
16	11052000: Potato Flakes, Granules And Pellets	70,360.27
17	22021000: Waters (Incl. Mineral And Aerated), With Added Sugar, Sweetener, Etc	68,712.48
18	20093100: JUICE OF ANY OTHER SINGLE CITRUS FRUIT OF A BRIX VALUE NOT EXCEEDING 20	64,910.03
19	30041000: Medicaments Of Penicillins... Or Streptomycins..., For Retail Sale	59,079.50
20	30067000: GEL PREPARATIONS DESIGNED TO BE USED IN HUMAN OR VETE..MEDICAL INSTRUMENTS	51,088.80