Top 10 Export Products from Bangladesh

Bangladesh has emerged as a dynamic player in international trade, exporting a suite of products to a range of countries. The export sector of Bangladesh has become the main driver of the economy, as many industries are growing rapidly. If you want to know about the top 10 export products of Bangladesh, here is a thorough account.

1. Ready Made Garments (RMG)

2. Jute and Jute Products

3. Frozen Fish and Seafood

4. Leather and Leather Goods

5. Pharmaceutical Products

6. Agro-Based Products

7. Ceramic Products

8. Plastic Products

9. ICT and Software Services

10. Home Textiles

1. Ready Made Garments (RMG)

The garment industry is the lifeblood of Bangladesh's export economy. Bangladesh is the second-largest textile and apparel exporter, supplying major global brands like H& M, Zara, and Walmart. The RMG sector occupies over 80% of Bangladesh's total exports and employs many workers, especially women.

Key Products: T-Shirts, Jeans, Sweaters, Jackets, Trousers, Undergarments

Major Markets: USA, Europe, Canada, Japan, Australia.

Growth Factors: Cheap labor, government incentives, high demand in the world.

2. Jute and Jute Products

Bangladesh is one of the largest producers of Jute, which is called the "Golden Fiber" quite often. Jute and its products found great demand in the eco-friendly market all over the world, owing to their biodegradable and sustainable nature.

Key Products: Raw jute, jute yarn, jute bags, carpets, and handicrafts.

Major Markets: India, China, Turkey, Middle East, European countries.

Growth Factors: Increased demand for eco-friendly packaging, government subsidies, and innovative processing technology for jute.

3. Frozen Fish and Seafood

For a country rich in coastal and freshwater resources, seafood export has become a major player in Bangladesh's exports. Black tiger shrimp and freshwater prawns are in high demand for being of good quality and even better in taste.

Key Products: Shrimp, crab, lobsters, hilsa fish, and pangasius.

Major Markets: USA, UK, Japan, EU countries, Middle East.

Growth Factors: High consumption of seafood globally, technological advancement in aquaculture, strict quality control.

4. Leather and Leather Goods

High-quality leather and leather goods, destined for luxury international brands, are produced in Bangladesh. Eco-friendly and sustainable production is guaranteed within established leather industrial parks.

Key Products: Leather bags, shoes, belts, wallets, jackets.

Major Markets: Italy, Germany, France, China, USA, Spain.

Growth Factors: Duty-free access to major markets, increasing demand for Bangladeshi leather, improved compliance with environmental standards.

5. Pharmaceutical Products

The pharmaceutical industry in Bangladesh has grown tremendously, with locally manufactured medicines being exported to over 150 countries. The industry is practically self-sufficient, producing 97% for domestic demand and exporting high-quality drugs to markets around the world.

Key Products: Tablets, injections, antibiotics, vaccines, herbal medicine.

Major Markets: USA, UK, Australia, Africa, Middle East, Latin America.

Growth Factors: Strong R&D, government incentives, growing international trust in Bangladeshi pharmaceuticals.

6. Agro-Based Products

Agriculture is a major contributor to the economy of Bangladesh, with the export of varied fruits, vegetables, and spices all over the world. The country is a significant producer of tropical fruits and organic agricultural products.

Key Products: Potatoes, mangoes, bananas, dry nuts, spices, tea, rice, and honey.

Major Markets: Middle East, Malaysia, Singapore, Europe, India.

Growth Factors: Rising demand for organic food, government export incentives, advanced agricultural techniques.

7. Ceramic Products

Bangladesh has cemented its name among the top exporters of ceramic tiles, tableware, and sanitaryware with a high demand from European and Middle Eastern countries. The ceramic products of Bangladesh have a good reputation for being cheap, durable, and attractive.

Key Products: Tiles, crockery, sanitaryware, kitchenware, porcelain.

Major Markets: USA, Canada, Italy, Germany, UAE, Saudi Arabia.

Growth Factors: Investment in modern technology, increasing global demand, high-quality local raw materials.

8. Plastic Products

The plastic industry is growing quickly in Bangladesh, with exports covering a wide range of products, including packaging materials and household products. In international markets, emphasis is placed on recycled plastic and biodegradable materials.

Key Products: Plastic containers, toys, packaging materials, furniture, and utensils.

Main Markets: USA, Canada, EU, Japan, Africa, India.

Growth Factors: Increased production capacity, global shift towards sustainable plastic products, cost-effective manufacturing.

9. ICT and Software Services

Bangladesh is now in a high boom in software development and IT-enabled services, becoming an export-oriented industry. The government has declared ICT a thrust sector and is providing tax exemptions and subsidies for growth.

Key Services: Software development, outsourcing, data entry, app development, cyber-security solutions.

Major Markets: USA, UK, Australia, Canada, Europe.

Growth Factors: Skilled workforce, competitive pricing, government support, increasing digital transformation worldwide.

10. Home Textiles

The home textile tales of Bangladesh are gaining recognition in the international market, mainly in the form of fine bedsheets, curtains, and towels. This sector complements the RMG industry and is growing along.

Key Products: Bed sheets, pillow covers, towels, curtains, blankets, and rugs.

Major Markets: Europe, USA, Canada, Middle-East, Japan.

Growth Factors: Sustainable home textile increase in demand, superior quality, costs efficient production.

Conclusion

The export in Bangladesh is still a growing one, and very much contributing to the country's economy. With support from the government, improvement of infrastructures, and increasing global demand, these products will remain cash cows for a long time.

FAQ

Q1: What is the leading export of Bangladesh?

A: The readymade garments (RMG) sector remains the largest export industry of Bangladesh, accounting for over 80 percent of total export earnings.

Q2: What are the countries that import the largest amount from Bangladesh?

 A. The largest importers of Bangladeshi products would include the USA, Germany and the UK.

Q3: What is the possibility for Bangladesh to increase its exports in the future? 

A: Yes! Government initiatives, infrastructural development, and diversification into IT, pharmaceuticals, and agriculture ensure that Bangladesh will record further growth in exports.

If you're thinking about starting an export business, here are the 10 best export products from Bangladesh that can be exported into the international market.