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.
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 | 10.417 |
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 |