Bangladesh is one of the smallest countries in the world. This country is one of the economical developing countries in the world. Every year this country earns lots of foreign currency for its best-exporting products sector. The People’s Republic of Bangladesh shipped the estimated US$42.2 billion worth of goods around the globe in 2018. That dollar amount reflects a 33% increase since 2015 and 5.3% revenue are an increase in our total exporting revenue, this report up to 2018-19. The main reason is Bangladesh’s main exporting products are clothing & clothing accessories export worldwide for provides the best quality products and take the strongest exporting place in the world. In the fiscal year 2018, Bangladesh has been able to US$36.67 billion export earnings by exporting manufactured goods. which, 83.49% percent has come from the apparel manufacturing sector.
Without cloth & clothing accessories Bangladesh exports more products over the world. The leather accessories, handicrafts, frozen items, dry food, plastic, and many more products export worldwide, but those exporting revenues are lower than clothing products. we continuously export some specific international markets and earn the most revenue to increase our economic development.
Our Main Exporting Destination
European Union – 58.2%
United States – 16.3%
Japan – 3.1%
Canada – 3.0%
India – 2.4%
Australia – 1.9%
China – 1.9%
Southeast Asia – 1.6%- Others – 11.6%
This is our main major exporting market and exporting percentage. We export more than 10 items of product for those markets. Now we show how many products export most in global markets:
Bangladesh’s Top Exporting Product
- Knit or crochet clothing, accessories: US$18.9 billion (44.9% of total exports)
- Clothing, accessories (not knit or crochet): $17.7 billion (42%)
- Miscellaneous textiles, worn clothing: $1.1 billion (2.5%)
- Footwear: $936.4 million (2.2%)
- Paper yarn, woven fabric: $641.6 million (1.5%)
- Fish: $525.5 million (1.2%)
- Hats & Headgear: $304.6 million (3.1%)
- Leather/animal gut articles: $293.7 million (0.7%)
- Raw hides, skins not fur skins leather: $166.5 million (0.4%)
- Tobacco, manufactured substitutes: $105.4 million (0.2%)
Those export are highly concentrated accounting for 96.4% of the overall value of its global international shipments. Those exporting sectors, According to the 2018-19 report, Bangladesh $40.53 billion revenue and it’s 4% increasing by previous $36.66 billion (July 2017-June 2018) revenue report.
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