Home » Trade Scenario Between Bangladesh and Sri Lanka

The Bangladesh Trade Portal (BTP) is an official source of all regulatory information relevant to traders who wish to import goods into Bangladesh or export to other countries. The Ministry of Commerce of the Bangladesh Government has established the Portal in order to improve the predictability and transparency of the country’s trading laws and processes.

Trade Scenario Between Bangladesh and Sri Lanka

Trade Scenario Between Bangladesh and  Sri Lanka

General Trade Agreement between The Government of the People’s Republic of Bangladesh and the Government of Republic of Sri Lanka was signed on 08 February 1977. A Memorandum of Understanding (MOU) between the Export Promotion Bureau (EPB) of Bangladesh and the Export Development Board (EDB) of Sri Lanka was signed on 18 April 2011 and the Economic Partnership between the two countries was also signed on 14 July 2017.   Bangladesh and Sri Lanka are members of WTO and regionally they are signatories to regional trade agreement like SAPTA, SAFTA, APTA and BIMSTEC. As such to face the challenges of globalization, the two nations may act together in order to explore the potential of this region. An MOU was signed between Export Promotion Bureau, Bangladesh and Export Development Board, Sri Lanka for the mutual benefit of both the countries in trade. According to this MOU, Export Promotion Bureau provided free space to Sri Lanka for participation in the Dhaka International Trade Fair (DITF) for one time. It is observed that the economies of Sri Lanka and Bangladesh predominantly depend on agriculture. Both the countries are basically producers and exporters of primary commodities and importers of finished and industrial products.

Major Exports from Bangladesh to Sri Lanka are jute manufactures, woven garments, pharmaceuticals, jute yarn & twine, knitwear, textile fabrics, sacks and bags, towel, plastic goods, cotton yarn, iron chain, leather, accumulator battery and parts, coir and coir products, other engineering products and furnace oil, etc.

Major imports from Sri Lanka to Bangladesh are live animals, animal products, vegetable products, animal or vegetable fats and oils, prepared foodstuffs, mineral products, products of the chemical, plastic articles, rubber and articles thereof, raw hides and skin and leather, articles of wood, organic chemicals, pulp of wood, textile & textile articles, articles of stone, glass and glassware, base metals, vehicles and optical etc.

The balance of trade position between Bangladesh and Sri Lanka from 2007-2008 to 2022-2023  is shown below:

Export and Import Statistics ( Value in milliom US$)

Fiscal Year

Export

Import

Balance

2007-2008

19.32

15.27

(+) 4.05

2008-2009

18.67

18.56

(+) 0.11

2009-2010

23.74

22.76

(+) 0.98

2010-2011

34.73

27.50

(+) 7.23

2011-2012

42.59

32.40

(+)10.19

2012-2013

23.69

39.80

(-)16.11

2013-2014

26.81

66.07

(-) 39.89

2014-2015

23.92

44.10

(-) 20.18

2015-16

30.45

45.00

(-) 14.55

2016-17

42.25

49.92

(-) 7.67

2017-18

31.60

47.80

(-) 16.2

2018-19

45.55

63.10

(-)  17.55

2019-20

38.40

54.70

(-) 16.30

2020-21

47.32

117.70

(-) 70.38

2021-22

58.13

109.00

(-) 50.87

2022-23

67.07

 

 

2023-24

58.12

75.07

(-) 16.95

     Source: EPB/ Bangladesh Bank

It transpires from the above table that during 2007-2008 to 2011-2012 Bangladesh enjoyed positive trade balance and 2012-13 to 2019-20 had negative balance in respect of trade with Sri Lanka.

Top 20 Exported Item in Sri-Lanka for the year 2023-2024:

Sl

Item Name

Amount in USD

1

30049099: Other(excl.anti-malaria, anti-TB, anti-leprosy....and kidney dialysis solution

18,249,354.23

2

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

4,194,145.61

3

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

2,070,840.62

4

28151100: Sodium Hydroxide (Caustic Soda), Solid

2,030,661.44

5

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

1,829,480.57

6

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

1,750,170.39

7

30042090: Other than Mycophenolate mofetil, mycophenolate sodium, ciclosporin

1,729,298.65

8

30032000: Medicaments Containing Other Antibiotics, ....Not For Retail Sale

1,568,032.19

9

30049010: Oth.Medicaments Of Mixe...Containing More Than 15% Of Absolute Alcohol

1,079,086.78

10

28470000: Hydrogen Peroxide, Whether Or Not Sokidified With Urea

983,435.37

11

39262090: Art.Of App.&Clothing Accessories(Exl.Gloves)Of Plastics Hd.No.39.01-39.04

919,264.52

12

61083100: Women'S Or Girls' Night Dresses, Pyjama Etc, Of Cotton, Knitted Or Croched

908,751.48

13

40012110: Smoked sheets imp. by VAT reg. tyre and tube manu. of a rim size >=16"

849,729.68

14

20098900: Juice of any other single fruit or vegetable other than Cranberry Juice

830,815.77

15

48030000: Toilet,Facial Tissue,Towel,Napkin Stock & Similar Paper, In Rolls Or Sheet

801,990.01

16

55161200: Dyed Woven Fabrics, >=85% Artificial Staple Fibres

725,189.52

17

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

648,678.72

18

30043910: Anti-malaria-TB-cancer-leprosy,crdvsclr/anti-hepatic encephal opathy drugs/Kidney dls

639,062.86

19

62052000: Men'S Or Boys' Shirts Of Cotton

611,074.24

20

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

553,747.91

                                                                                                                     Total Export Amount: 58,124,728 USD


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