The Bangladesh Trade Portal (BTP) is an official source of all regulatory information relevant to traders who wish to import goods into Bangladesh or export to other countries. The Ministry of Commerce of the Bangladesh Government has established the Portal in order to improve the predictability and transparency of the country’s trading laws and processes.

Trade Scenario Between Bangladesh and China

Bangladesh and China are members of Asia-Pacific Trade Agreement (APTA). Both the countries have been maintaining a good bilateral trade relation.

0.2       Raw jute, Leather, Frozen fish including Shrimps, Woven garments, Jute yarn and twine, Copper wire, Plastic waste, Camera parts, Sesame seed, Jute Manufactures, Textile fabrics, Other Engineering products & PVC Bags, Eel fish and crabs etc. are exported to China.

0.3    Cotton, Cotton yarn, fabrics, thread, boilers, machinery, machinery appliances, electrical machinery and equipment and parts thereof, sound recorder and reproducers, television, man made staple fiber and knitted and crocheted fabrics etc. are imported from China.

Duty Free Market Access to China:

China has already provided duty free market access to the LDC’s on 8549 products which covered 97% tariff line of China and the value addition is normaly 40%.

Balance of Trade :

The balance of trade position between Bangladesh and China during 2015-2016 to  2023-2024 is shown below (Value in million US$)

Fiscal Year

Export

Import

Balance

2015-2016

808.14

9669.10

(-) 8860.96

2016-2017

949.41

10168.30

(-) 9218.91

2017-2018

694.97

11692.50

  (-) 10997.53

2018-2019

831.20

13.639.00

(-) 12807.8

2019-2020

600.11

11489.90

(-) 10889.80

2020-2021

680.66

12925.20

(-) 12244.5

2021-2022

683.43

19349.50

(-) 18666.1

2022-2023

677.36

17829.5

(-) 17152.14

2023-2024

715.37

16637.1

(-) 15921.73

2024-2025

694.49

18195.8

(-) 17501.31

The above figures show that Bangladesh has been suffering from a huge trade imbalance with China. 
 
The export potential of Bangladesh’s current export commodities to China (top ten items)
 

Hs Code

Export Potential (Million USD)

Actual Exports from Bangladesh (Million USD)

Untapped Potential

Applied tariff by China (%)

China's Import from World (Million USD)

Bangladesh's Export to the World (Million USD)

610910

366.3

91.9

274.4

0.0

505.0

5600.0

620342

230.2

87.4

142.8

0.0

270.6

5500.0

611020

165.1

28.5

136.6

0.0

357.2

2700.0

620462

122.0

49.9

72.2

0.0

167.2

3400.0

530710

110.5

75.0

35.5

0.0

75.0

397.1

0306Xb

91.4

2.3

89.1

0.0

2900.0

382.3

620520

87.8

24.9

62.8

0.0

153.1

1800.0

611030

84.8

20.8

63.9

0.0

168.7

2300.0

6403XX

78.6

22.2

56.4

0.0

1300.0

614.6

620193

66.1

23.3

42.9

0.0

278.4

528.3

 

Participation in International Trade Fair held in China:

To explore market of our products in China, Export Promotion Bureau (EPB) organized Bangladesh participation in the following fairs during 2011-2012, 2012-2013, 2013-2014 and 2014-2015 :

(1)     ‘China International Footwear Fair’, during 06-08 Sept, 2011 in Shanghai, China.

(2)     Shoe & Leather fair-2011, Guangzhou, China (01-03 June 2012).

(3)     Shoe & Leather Fair-2013, Guangzhou, China (May 29-31,2013).

(4)     China South Asia Expo, Kunming, China (June 06-10, 2013).

(5)     Shoe & Leather Fair-2014, Guangzhou (May 28-30, 2014).

(6)     China South Asia Expo, Kunming, China (June 06-10, 2014).     

(7)    The 3rd China-South Asia Expo-2015, Kunming, China. (June 12-16, 2015)

Suggestions :

Since Bangladesh has been suffering from a continuous trade imbalance over the years, Bangladesh may request the Chinese Govt. to consider the following issues in order to trim down the existing trade imbalance between the two countries:

  1. To narrow down the massive trade imbalance, Chinese authority may be requested to grant us duty free market access for all Bangladeshi products;
  2. Considering the importance of the Chinese market, Chinese Authority should give us assistances including free space to participate in the different International Trade Fairs held in different states of China from time to time;
  3. Chinese investors may be persuaded to set up Joint Venture Industries in the field of Leather goods including shoe, IT, Light engineering, Agro-processing foods, Shipbuilding, High value added textile products;
  4. Trade delegation from important Chamber of Commerce and Association from Bangladesh should frequently visit China and meet their counterparts for assessing demand, price and quality of products having export potential;
  5. Bangladesh may request Chinese authority to set up a design institute in leather sector.
  6. Bangladesh may request Chinese authority for technical and financial support to set up a fashion design institute for RMG.

 

 

FY 2024-2025 (Eight digit) Top 20 Export Items

 

Value in US$

 

CN: CHINA

694,492,755

1

53071000

53071000: Single yarn of jute or of other textile bast fibres of 53.03

67,517,434.02

2

52051200

52051200: Uncom.Sin.Cot.Yarn,With>=85%Cot.Nprs,<714.29de(>14mn)But(>=232.56de)<=43mn

50,286,561.37

3

03063310

03063310: Crabs

40,391,598.86

4

41044990

41044990: Tanned or crust. in the dry state other than full grains..., Excl Split leather

39,125,727.18

5

62014000

62014000:

36,932,521.20

6

61091000

61091000: T-Shirts, Singlets And Other Vests, Of Cotton, Knitted Or Crocheted

24,712,546.74

7

03019290

03019290: Live Eels, Excl. Fry

23,348,537.26

8

62034200

62034200: Men'S Or Boys' Bib & Brace Trousers, Breeches, Shorts, Of Cotton

21,451,523.33

9

74040000

74040000: Copper Waste And Scrap

17,895,502.98

10

53072000

53072000: Multiple (folded) of cabled

16,855,369.95

11

03063390

03063390: Crabs

16,087,136.74

12

38231900

38231900: OTH.INDUST. MONOCARBOXYLIC FATTY ACIDS.., EXCL.ST.ACID,OLEIC ACID,TALL OIL FATTY ACIDS

14,415,861.15

13

62024000

62024000:

13,755,325.37

14

62034300

62034300: Men'S Or Boys' Bib & Brace Trousers, Breeches & Shorts Of Synthetic Fibres

13,057,333.79

15

12074090

12074090: Sesamum Seeds, Nes

12,666,539.90

16

28170000

28170000: Zinc Oxide; Zinc Peroxide

12,395,684.41

17

62046200

62046200: Women'S Or Girls' Trousers, Breeches, Etc, Of Cotton

11,504,141.22

18

64039100

64039100: Footwear With Rubber... Soles And Leather Uppers, Covering The Ankle,Nes

11,501,524.72

19

41041910

41041910: Tanned..wet-blue other than full grains unsplit, grain splits , split leather

11,178,231.78

20

67030000

67030000: Human Hair, Dressed, Etc; Animal Hair And Synthetic Materials For Wigs

9,826,329.10

 

 


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