UK-Bangladesh Trade Facts
 
Factors contributing to the growth of export from Bangladesh
 
Bangladesh Export to the UK

   

 

UK-Bangladesh Trade Facts    

 

The United Kingdom is the third largest export destination of Bangladesh and the country historically maintains positive trade balance with the UK.  During 2015-2016, a  total of US$ 4,017.6 million worth of goods were exported to the UK which is 11.73% of total export.The major exportable items include ready-made garments, frozen food, IT engineering, leather and jute goods, bicycle, etc. of which 80% constitutes  knitwear and woven garments. The country has initiated diversifying its export basket with high-end and high value-added products and shown remarkable success in exporting pharmaceutical products, computer services, ship building, electrical and electronic products across the world.

 

Factors contributing to the growth of export from Bangladesh.

 

l Competitiveness in terms of quality and price

 

   l  Duty free market access to EU countries under EBA (Everything but Arms)

       initiative

 

   l Increasing cost of production in China and other advanced middle income

       countries

 

    l Increasing compliance (especially in the RMG and shrimp sectors)

 

    l Strong backward linkages

 

   l Strong public-private partnership

 

  l  High pool of young labor force with required skills

 

Bangladesh Export to the UK

(in million US$)

Year

Annual Target

Actual Export

Growth

(%)

Total Export of Bangladesh

UK Export as%

of Total Export

2007-08 1,500.00 1,469.28   14,110.80 10.41
2008-09 1,695.00 1,603.41 9.13 15,565.19 10.30
2009-10 1,795.90 1,652.73 3.08 16,204.70 10.20
2010-11 1,834.53 2,231.98 35.05 22,924.38 9.74
2011-12 2,555.65 2,639.31 18.25 24,287.70 10.87
2012-13 3,160.82 2,973.74 12.67 27,018.26 11.01
2013-14 3,590.66 3,143.99 5.73 30,500.00 10.31
2014-15 3,475.00 3,438.56 9.37 31,198.45 11.02
2015-16 3,750.00 4,017.60 16.84 34,241.82 11.73
2016-2017 4,315.00 3,731.14 7.12 34,835.09 10.71
2017-2018

(Jul-Aug)

3,800.00 817.9 129.6 6,628.6 12.34

Source: Export Promotion Bureau, Bangladesh

   
High Commission for the People's Republic of Bangladesh, 28 Queen's Gate, London SW7 5JA