The total worth of goods India imported from Bangladesh till Nov 2021 were estimated at around $1.3 billion whereas the total Imports of Bangladesh for the year 2021 ( till November) accounted for a total of $12 billion.
As per the market analysis reports and Bangladesh export trade data, there is an increase in the export value of Bangladesh to India from 2020. Bangladesh is now all set to become India’s fourth-largest export destination.
The data suggests Bangladesh could become India’s top importing country by the end of 2022.
Both South Asian countries have shared a close trade relationship in sharing resources. While Bangladesh imported goods which include products such as cotton and cereals mostly from India. India on the other hand imported commodities such as Vegetables/Animal Oils, Waxes & Fats from Bangladesh according to India and Bangladesh import trade data.
India Exports To Bangladesh
Based on India export data, in 2020, the total exports to Bangladesh accounted for $7.91 billion. The top exported products of India to Bangladesh for the year 2020 were Cotton $1.70 billion, Mineral Oils, Fuels & Distillation products $855.89 million, Vehicles $588.48 million, Coilers, Nuclear Reactors & Machinery $536.33 million, Cereals $351.69 million, Organic Chemicals $289.37 million, Coffee, Spices, Mate & Tea $278.81 million, Electrical & Electronic Equipment $264.40 million, Steel & Iron $240.23 million, and Plastics $236.62 million.
India Export To Bangladesh (COMMODITIES) | YEAR | Value in USD ($) |
Cotton | 2020 | $1.70 billion |
Mineral Oils, Fuels & Distillation Products | 2020 | $855.89 million |
Vehicles | 2020 | $588.48 million |
Machinery, Boilers & Nuclear Reactors | 2020 | $536.33 million |
Cereals | 2020 | $351.69 million |
Organic Chemicals | 2020 | $289.37 million |
Coffee, Spices, Mate & Tea | 2020 | $278.81 million |
Electrical & Electronic Equipment | 2020 | $264.40 million |
Steel & Iron | 2020 | $240.23 million |
Plastics | 2020 | $236.62 million |
The data given above shows Cotton was the top exported product of India to Bangladesh with an export value of $1.70 billion followed by Mineral Oils, Fuels & Distillation products with an export value of $855.89 million and Vehicles (other than railway & tramway) with an export value of $588.48 million in 2020.
Bangladesh Exports To India
Bangladesh Exports to India (COMMODITIES) | Value in USD ($) |
Knitted or Crocheted Clothing Accessories & Articles of Apparel | $160.91 million |
Cotton | $33.79 million |
Floating Structures, Boats & Ships | 97.69 million |
Inorganic Chemicals & Precious Metals | 67.93 million |
Vegetable/Animal Oils Waxes & Fats | 173.06 million |
Paper Yarn & Other Vegetable Textile Fibers | 98.16 million |
Rags & Made-up Textile Articles | 110.83 million |
Handbags, Travel Goods & Article of Leather | 39.91 million |
Not Knitted or Crocheted Clothing Accessories & Articles of Apparel | $257.44 million |
Prepared Animal Fodder and Residue Waste from Food Industries | $72.44 million |
According to Bangladesh export data by hs code, Not Knitted or Crocheted, Clothing Accessories & Articles of Apparel, Knitted or Crocheted, Clothing Accessories & Articles of Apparel, Rags & Other Made-up Textile Articles, Precious Metals & Inorganic Chemicals, Cotton, Floating Structures, Ships & Boats, Travel Goods, Handbags & Articles of Leather, Paper Yarn & other Vegetable Textile Fibers, Vegetable/Animal Oils, Waxes & Fats, Prepared Animal Fodder, Residue and waste from food Industries are the top exports of Bangladesh to India.
Trade Statistics of Bangladesh
The total trade balance of Bangladesh for the year 2021 (Oct) was recorded at -220.60 BDT billion. While the imports of Bangladesh accounted for $526.75 BDT billion, the total exports of Bangladesh for the year 2021 (Oct) totaled at $306.18 BDT billion.
Stats Related | Value | Year |
Trade Balance of Bangladesh | -220.60 BDT billion | Oct -2021 |
Total Imports Value | 526.75 BDT billion | Oct -2021 |
Total Exports Value | 306.18 BDT billion | Oct -2021 |
Current Account | $-3887.00 USD million | Jun-2021 |
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