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 |
|
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:
|
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 |
||