Trade Scenario Between Bangladesh and Germany

Trade Agreement between the Government of the People’s Republic of Bangladesh and the Government of the German Democratic Republic was signed on 24 July 1972. The main component of this agreement is “Both Contracting Parties shall, for the purpose of promoting and facilitating trade between the two states, grant most-favored-nation treatment in all matters concerning trade between the two states. Most-favored-nation treatment shall be applied, in particular, in respect of customs duties and other charges, and of the way in which they levied, and to the regulations and formalities governing customs clearance”. Germany is the 2nd Largest Apparel importer of Bangladesh. Bangladesh and Germany are maintaining an excellent bilateral trade relationship.

Germany is the largest trading partner of Bangladesh in Europe and the second largest globally. Bangladesh currently holds the 37th place in the ranking of Germany’s trading partner and its significance has been increasing over a number of years. The “Everything But Arms” policy of the European Union is granting Bangladesh duty-free access to the EU for all products, except arms and ammunition.

Germany Export : Car & Vehicle Parts, Pharmaceuticals,  Aircraft,Helicopter & Spacecraft, Refined Petrolium, Petroliam Gas, Medical Instruments,  Computers, Trucks,  Gas Turbines, Electrical Transformers.

Germany import for Bangladesh : Apparel and clothing accessories, knitted /not  knitted,  leather; travel goods, handbags Footwear;, Fish ,  Plastics , Carpets and other textile floor covering,  Ship, Ceramic products, Tobacco , Furniture; bedding, mattresses; , Tea,  Engineering Products, Bicycle,TV, Jute and Jute goods, Footwear

In last 10 years Bangladesh’s  export to Germany increased by 2.72 times  from $2269 (FY 2008-9) million to $6173 (FY 2018-19) million .

 

Top 20 Exported Item in Germany for the year 2020-2021:

Sl

HS Code and Product Name

Amount In USD

1

61091000: T-Shirts, Singlets And Other Vests, Of Cotton, Knitted Or Crocheted

1,060,109,562.86

2

62034300: Men'S Or Boys' Bib & Brace Trousers, Breeches & Shorts Of Synthetic Fibres

557,264,901.32

3

62034200: Men'S Or Boys' Bib & Brace Trousers, Breeches, Shorts, Of Cotton

537,938,914.57

4

61102000: JERSEYS, PULLOVERS, CARDIGANS, WAISTCOATS & SIMILAR ART., KNITTED OR CROCHETED OF COT

401,006,796.26

5

61103000: JERSEYS,PULLOVERS,CARDIGANS,WAISTCOATS.., KNITTED OR CROCHETED OF MAN-MADE FIBRE

338,134,511.69

6

61046200: Women'S Or Girls' Trousers, Etc, Of Cotton, Knitted Or Crocheted

306,892,437.51

7

62046200: Women'S Or Girls' Trousers, Breeches, Etc, Of Cotton

271,397,713.26

8

62029300: Woman'S Or Girls' Anoraks, Wind Jackets/Cheaters, Etc, Of Man-Made Fibres

245,512,219.01

9

62052000: Men'S Or Boys' Shirts Of Cotton

140,292,645.49

10

62019300: Men'S Or Boys' Anoraks, Wind Jackets/Cheaters, Etc, Of Man-Made Fibres

133,762,800.73

11

61051000: Men'S Or Boys' Shirts Of Cotton, Knitted Or Crocheted

119,156,691.54

12

61023000: Woman'S Or Girls' Over/Car Coats,Etc,Of Man-Made Fibres,Knitted/Crocheted

99,786,349.12

13

61044200: Dresses Of Cotton, Knitted Or Crocheted

90,764,831.46

14

61112000: Babies' Garments, Etc, Of Cotton, Knitted Or Crocheted

86,797,046.94

15

62105000: Women'S Or Girls' Garments Made Up Of Fabrics Of 59.03, 59.06 Or 59.07

78,024,080.73

16

61099000: T-Shirts, Singlets, Etc, Of Other Textiles, Nes, Knitted Or Crocheted

71,229,400.64

17

62064000: Women'S Or Girl'S Blouses, Shirts/Blouses Of Man-Made Fibres

69,594,959.05

18

61071100: Men'S Or Boys' Underpants And Briefs Of Cotton, Knitted Or Crocheted

65,198,659.35

19

62121000: Brassisres

59,652,381.11

20

61082100: Women'S Or Girls' Briefs And Panties Of Cotton, Knitted Or Crocheted

53,091,802.32

                                                                                                                                                     Total Export Amount: 5,953,507,564.83 USD


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