Bangladesh's import market comprises a diverse range of products, with the top 10 largest imports revealing a focus on raw materials for the textile and apparel industry, cotton, electrical machinery, and fuel and petroleum products. India and China play a crucial role in Bangladesh's import market, while other countries like Japan and the United States also stand out as significant trade partners.
Bangladesh, a country located in South Asia, has experienced significant economic growth in recent years, contributing to the expansion of its import market. This article investigates the top 10 largest imports in Bangladesh, offering insights into the most recent volume and dollar values, and identifying the primary countries of origin for these goods.
Automobiles: Automobile imports play a significant role in Bangladesh's import market. In 2021, the country imported vehicles worth approximately $1.2 billion. The majority of these imports come from countries such as Japan, India, and China, with Japanese Toyota, Indian Maruti Suzuki, and Chinese Haval being popular brands in the Bangladeshi market.
Cereals: Cereals are a vital import for Bangladesh, with the country importing cereals worth around $1.8 billion in 2021. The leading sources of cereals are India, Russia, and Thailand. Rice is the most imported cereal, used as a staple food in the country.
Cotton: Bangladesh imported cotton worth approximately $5.5 billion in 2021. These imports are crucial for the country's thriving textile and garment industry. The primary sources for cotton imports are the United States, India, and Brazil.
Electrical Machinery and Equipment: Bangladesh imported electrical machinery and equipment worth around $4 billion in 2021. These imports include electrical transformers, motors, generators, and other appliances. China, India, and Germany are the main countries supplying Bangladesh with these goods.
Fuel and Petroleum Products: In 2021, Bangladesh imported fuel and petroleum products worth around $3.6 billion. The country relies heavily on imports to meet its energy needs, with the majority of these products coming from Singapore, the United Arab Emirates, and Malaysia.
Iron and Steel: Bangladesh imported iron and steel products worth approximately $3.2 billion in 2021. The country sources these materials primarily from India, China, and Turkey, using them for construction and infrastructure development.
Medicinal and Pharmaceutical: Products: In 2021, Bangladesh imported medicinal and pharmaceutical products valued at around $1 billion. The majority of these imports come from India, Germany, and China. India is a significant supplier of generic drugs to the country.
Plastics and Plastic Products: Plastics and plastic products are another significant import category for Bangladesh, with a total value of approximately $2.5 billion in 2021. The primary countries supplying Bangladesh with these goods are China, India, and Taiwan.
Raw Materials for Textile and Apparel Industry: Raw materials for the textile and apparel industry accounted for around $6 billion in imports in 2021. Bangladesh imports these goods primarily from China, India, and Indonesia to support its thriving ready-made garment sector.
Telecommunications Equipment: Telecommunications equipment, including mobile phones and other devices, amounted to around $2 billion in imports in 2021. China, Vietnam, and India are the main sources for these products.