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 Thailand

Trade Scenario Between Bangladesh and Thailand

Bangladesh and Thailand signed trade agreement on 22 August 1997, MOU on account trade arrangement and formed joint chambers of commerce to promote bilateral trade between the two friendly countries. The main component of the agreement is “The Contracting Parties agree to grant each other most-favoured-nation treatment, with regard to customs duties, taxes, fiscal levies and administrative procedures to which are subject, in their respective territories, the importation, exportation, transportation and distribution of foreign goods”. Thailand and Bangladesh are two important countries in the Asian continent and both countries are doing very good in terms of economic development. Bangladesh has already attained all the criteria to become a developing country. The private sectors of the two countries are working together to materialize complementarities between the two economies. These complementarities are likely to be symbiotic, combining Bangladesh’s thirst for investment and Thailand’s keenness
to expand its markets. The momentum is most strongly felt in the private sectors of the two countries.  Bangladesh and Thailand signed the Agreement on the Establishment of the Joint Commission on Cooperation on 29 January 1982 to further strengthen and promote the close cooperation between the two countries. The Join Commission may hold a meeting once a year alternately in in Thailand and Bangladesh where the delegations of both the countries would be led by the respective Ministers of Foreign Affairs. The Joint Commission is mandated to review the progress of cooperation in all areas of mutual interest, implementation of the agreements signed between the two countries, participation of two countries in regional and international cooperation and to recommend for improvement and enhancement of cooperation.

Export from Bangladesh

Some major export items from Bangladesh to Thailand include other made textile articles, vegetable textile fibers, articles of apparel, products of animal origin, electrical & electronic equipment, fish and crustaceans, etc.

Import from Thailand

Some major import items from Thailand to Bangladesh include cement, cereals, plastics and articles thereof, man-made staple fibers, sugar and sugar confectionary, machinery and mechanical appliances, cotton and cotton fabrics, etc.

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

Export and Import Statistics ( Value in milliom US$)

Fiscal Year

Export

Import

Balance

2007-2008

14.22

510.44

(-)496.22

2008-2009

22.08

574.39

(-) 552.31

2009-2010

32.57

621.59

(-) 589.02

2010-2011

24.35

885.63

(-) 861.28

2011-2012

42.23

1,215.51

(-)1173.28

2012-2013

86.89

764.47

(-)677.58

2013-2014

39.62

742.24

(-) 702.62

2014-2015

32.76

685.53

(-) 652.77

2015-16

35.15

668.94

(-) 633.79

2016-17

48.57

781.58

(-) 733.01

2017-18

38.14

1,194.24

(-) 1156.10

2018-19

44.07

957.00

(-)  912.93

2019-20

35.46

801.60

(-) 766.14

2020-21

39.00

765.40

(-) 726.4

2021-22

44.05

1053.00

(-) 1008.95

2022-23

71.71

 

 

2023-24

63.83

871.5

-807.67

     Source: EPB/ Bangladesh Bank

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

Sl HS Code Item Name Amount In USD
1 61091000 61091000: T-Shirts, Singlets And Other Vests, Of Cotton, Knitted Or Crocheted 10,236,528.85
2 62034200 62034200: Men'S Or Boys' Bib & Brace Trousers, Breeches, Shorts, Of Cotton 7,077,042.18
3 26201900 26201900: Ash And Residues Containing Mainly Zinc (Excl. Hard Zinc Spelter) 4,186,968.88
4 28141000 28141000: Anhydrous Ammonia 3,244,471.80
5 62046200 62046200: Women'S Or Girls' Trousers, Breeches, Etc, Of Cotton 2,894,497.22
6 30039091 30039091: Other Anti-Malaria,Anti-Tb,A.-Leprosy Cardiovascular & A.-Hepatic Encep... 2,010,558.17
7 61102000 61102000: JERSEYS, PULLOVERS, CARDIGANS, WAISTCOATS & SIMILAR ART., KNITTED OR CROCHETED OF COT 1,855,926.00
8 03063310 03063310: Crabs 1,825,951.93
9 03072110 03072110: Scallops, Live, Fresh Or Chilled Wrapped/Canned Upto 2.5kg 1,739,550.11
10 30049091 30049091: Antimalaria, antiTB, anticancer, ... Kidney dialysis solution; Drugs for thalassaemia 1,555,266.40
11 61046200 61046200: Women'S Or Girls' Trousers, Etc, Of Cotton, Knitted Or Crocheted 1,311,145.77
12 62052000 62052000: Men'S Or Boys' Shirts Of Cotton 1,265,435.81
13 90183918 90183918: 1,060,911.58
14 76020000 76020000: Aluminium Waste And Scrap 992,119.00
15 63079000 63079000: Made Up Articles (Incl. Dress Patterns), Nes 978,378.60
16 63051000 63051000: Sacks And Bags, Used For Packing Goods, Of Jute, Etc 881,695.77
17 90021900 90021900: Mounted Objective Lenses, Of Any Material, Nes 835,913.24
18 21069090 21069090: Other food preparations not elsewhere specified or incl.(excl. beverage concentrate) 762,493.37
19 23099090 23099090: OTH..Preparations of a kind used in animal feeding. ,nes 756,566.40
20 12074090 12074090: Sesamum Seeds, Nes 754,881.50

Total Export Amount: 63,837,442 USD


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