According to Bangladesh Export data, Bangladesh export revenues have risen sharply in recent years. Despite the slow rate of global economic recovery, Bangladesh’s export earnings have doubled in just a few years due to the rapid expansion of the export-oriented manufacturing sector. In 2022, Bangladesh’s total exports increased 35.9% year over year, and it is the 60th major exporter in the world. However, the textile and garment sectors play the most important role in the country’s export earnings. In this article, we have compiled a list of Bangladesh top 10 export products which are the followings.
Bangladesh Top 10 Export Products:
Here is a list of Bangladesh top 10 export products which are the followings:
1. Ready-made Fabrics and knitwear:
Bangladesh is regarded as the second-largest exporter of textile, Knitted, or crocheted clothing accessories in the world. The country’s ready-made garments (RMG) sector accounts for almost 80% of overall export profits and 10.5 percent of Bangladesh’s GDP. This has had a good impact on the economy of the country. Knitwear made with locally knitted textiles has been exported to several countries like the EU, Japan, Australia, Norway, and Canada. Moreover, Bangladesh is a major supplier of knitwear products to the European Union.
2. Leather and Leather Products:
Leather and leather goods are now a significant part of the country’s export revenues, due to its modern technology and low-cost raw materials. The country produced high-quality leather items for export markets, including shoes, travel goods, suitcases, briefcases, and fashion accessories, such as belts, wallets, handbags, Bags, jackets, pants, and other everyday wear products made of leather. Bangladesh has shipped leather products to close to 60 countries around the world including the United States, the United Kingdom, Italy, Germany, and Brazil.
3. Jute and Jute Products:
In terms of production and export, Jute and Jute Products are one of the major industries in Bangladesh that play a vital role in the country’s economy. Bangladesh has acquired international prominence as the primary source of high-quality jute. Jute is a long, soft, and silky vegetable fiber that may be woven into thick, strong threads. Jute fiber is traditionally used to make biodegradable bags and sacks for packing agricultural products, minerals, fertilizer, cement, sand, sugar, and other items. Jute is also utilized as carpet backing and for other purposes such as footwear, handbags, and wallets. Bangladesh shipped almost 282 jute and jute items to more than 130 countries across the world.
Bangladesh is the fifth-largest seafood cultivated country in the world. Bangladesh annually exports a large quantity of fresh and healthy fish and shrimp throughout the globe. Bangladesh has exported a wide range of seafood which includes freshwater and saltwater fish, prawns, hilsa, tilapia and panga, and crabs. Over the last decade, Bangladesh’s fish exports have increased by 135%, while wild shrimp export by 40% and farmed prawns by 95%. The country shipped fish and fishery products to over 50 countries, including the EU, the United States, Japan, Russia, China, Vietnam, Australia, the United Arab Emirates, India, and Malaysia.
5. Pharmaceuticals Products:
Among the very few in Bangladesh, the pharmaceutical industry is the fastest-growing sector in the country. Bangladesh has produced a wide range of specialist Pharmaceuticals Products such as HFA inhalers, CFC inhalers, suppositories, nasal sprays, injectables, IV infusions, and so on, in addition to standard forms such as tablets, capsules, and syrups. Medical practitioners, chemists, and regulatory organizations in all of the importing countries have praised these items. Bangladesh currently exports a huge spectrum of pharmaceutical items to over 100 countries.
6. Agriculture Products:
Bangladesh is one of the best producers of high-quality agricultural items which are exported all over the world. Bangladesh has blessed with fertile soil and a pleasant climate for the production of agro products. The country has produced a large number of agricultural items that include Vegetables, fruits, rice, cotton, corn, tea, and other agricultural products, such as Betel leaf, dried food, soybeans, tobacco, and plant products. Bangladesh earns $100 million from vegetables, $42 million from spices, $4,500 from cotton, and $700 million from dry goods. These agricultural products have been shipped to different counties throughout the world like the United States, Europe, and the Middle East countries.
7. Toiletries and cosmetics Items:
Bangladesh has the prestigious position of being the best producer of Toiletries and cosmetics Items in the world. Bangladesh has a number of beauty and personal care companies. The country prepares high-quality Toiletries and cosmetics products by using modern technology of production and world-class raw materials. Bangladesh exports manufactured toiletries and cosmetics to various countries such as UAE, Malaysia, Republic of Korea, Oman, Jordan, Sri Lanka, Saudi Arabia, France, Singapore, and other nations.
8. Electronic and Electronic Products:
Electronic and Electronic Products is a rapidly growing business in Bangladesh, with export volumes steadily increasing. In the previous few decades, major electronic device assembly plants and spare parts manufacturing enterprises have been built in the country. Bangladesh produced and shipped numerous electrical products such as cables, distribution boards, transformers, switch gears, wires, insulators, fans, heat and speed control systems, magnetic contactors, switches, and irons. Bangladesh exports a wide range of household appliances as well as other electronic and electrical goods to Africa, the Middle East, and other parts of the world.
9. Software and ICT products:
The software industry is one of the fastest-growing industries in Bangladesh with high export potential. Bangladesh now has an estimated export growth of Software and Information and communication technology (ICT) products at $ 1.3 billion, with the goal of reaching $5 billion by 2025. Bangladesh has manufactured a variety of ICT equipment including a computer and peripheral devices, communication devices, consumer electronic devices, electronic components, and other information and technology equipment. The United States, the United Kingdom, Canada, Australia, Denmark, the Netherlands, Germany, India, and Japan are among the largest importer of Software and ICT products from Bangladesh.
10. Ships and Vessels:
Shipbuilding has become one of the most successful and fastest-growing manufacturing and exporting industries in Bangladesh. The country now has approximately more than two hundred manufacturing plants that have been located in different cities in Bangladesh. To fulfill the rising global demand for modern vessels all production units use state-of-the-art manufacturing plants with modern machinery to ensure proper quality and goodwill. Bangladesh globally exports to Denmark, Germany Finland, and some other countries.