Trade Scenario Between Bangladesh and Russia
Bangladesh and Russia enjoy growing trade relations. There exists huge potential for further enhancement of bilateral trade. Vast potential market and advantage of growing demand of goods could develop into fruitful economic relations with Russia. The trade and economic relations between the two friendly countries initiated by signing a General Trade Agreement (GTA) signed on 31.03.1972 between Bangladesh and the former USSR.
Export and Import Statistics Between Bangladesh and Russia ( Value in milliom US$)
Fiscal Year |
Export |
Import |
Balance |
2010-11 |
96.95 |
153.00 |
-56.05 |
2011-12 |
133.25 |
337.90 |
-204.65 |
2012-13 |
208.29 |
335.30 |
-127.01 |
2013-14 |
283.35 |
286.40 |
-3.05 |
2014-15 |
294.57 |
221.50 |
73.07 |
2015-16 |
314.29 |
280.30 |
33.99 |
2016-17 |
464.62 |
465.64 |
(1.02) |
2017-18 |
485.23 |
629.80 |
(144.57 ) |
2018-19 |
548.26 |
652.80 |
( 104.54 ) |
2019-20 |
487.29. |
781.90 |
( 294.61) |
2020-21 |
665.32 |
481.90 |
183.42 |
2021-22 |
638.31 |
474.20 |
164.11 |
2022-23 |
460.39 |
|
|
2023-24 |
394.33 |
862.5 |
(468.17) |
Key Sectors for Investment:
Top 20 Exported Item in Russia for the year 2023-2024:
Sl |
Item Name |
Amount in USD |
1 |
61091000: T-Shirts, Singlets And Other Vests, Of Cotton, Knitted Or Crocheted |
101,356,016.85 |
2 |
62034200: Men'S Or Boys' Bib & Brace Trousers, Breeches, Shorts, Of Cotton |
43,495,322.66 |
3 |
62046200: Women'S Or Girls' Trousers, Breeches, Etc, Of Cotton |
39,952,303.64 |
4 |
61102000: JERSEYS, PULLOVERS, CARDIGANS, WAISTCOATS & SIMILAR ART., KNITTED OR CROCHETED OF COT |
29,644,974.05 |
5 |
62052000: Men'S Or Boys' Shirts Of Cotton |
16,747,959.15 |
6 |
61046200: Women'S Or Girls' Trousers, Etc, Of Cotton, Knitted Or Crocheted |
16,489,004.80 |
7 |
61034200: Men'S Or Boys' Trousers, Etc, Of Cotton, Knitted Or Crocheted |
15,214,655.70 |
8 |
61103000: JERSEYS,PULLOVERS,CARDIGANS,WAISTCOATS.., KNITTED OR CROCHETED OF MAN-MADE FIBRE |
11,988,443.35 |
9 |
61051000: Men'S Or Boys' Shirts Of Cotton, Knitted Or Crocheted |
10,194,555.01 |
10 |
61112000: Babies' Garments, Etc, Of Cotton, Knitted Or Crocheted |
9,687,597.09 |
11 |
53072000: Multiple (folded) of cabled |
9,032,847.75 |
12 |
62063000: Women'S Or Girls' Blouses, Shirts/Blouses Of Cotton |
6,446,109.86 |
13 |
61044200: Dresses Of Cotton, Knitted Or Crocheted |
6,178,028.80 |
14 |
53071000: Single yarn of jute or of other textile bast fibres of 53.03 |
5,389,270.63 |
15 |
61071100: Men'S Or Boys' Underpants And Briefs Of Cotton, Knitted Or Crocheted |
4,581,451.32 |
16 |
03061700: Other shrimps and prawns |
3,868,235.01 |
17 |
61061000: Women'S Or Girls' Blouses, Etc, Of Cotton, Knitted Or Crocheted |
3,496,435.00 |
18 |
62053000: Men'S Or Boys' Shirts Of Man-Made Fibres |
3,195,144.29 |
19 |
56079000: Twine, cordage, ropes and cables, whether or not plaited .. with rubber or pla |
3,115,058.65 |
20 |
62043200: Women'S Or Girls' Jackets And Blazers Of Cotton |
2,492,311.39 |
Total Export Amount: 394,337,378 USD