Bangladesh - NZ Trade Relations

Bangladesh - NZ Trade Relations


Bangladesh enjoys duty-free market access to New Zealand’s market since 2001. As a result, bilateral trade between Bangladesh and New Zealand has been growing steadily. Though Bangladesh is the 34th import and 25th export trading partner of New Zealand, the trend of bilateral trade is upward. The current bilateral trade volume is more than U$ 350 million. Items of export from Bangladesh are readymade garments, home apparels, Articles of leather and footwear, jute and jute goods, ceramics tableware, fertilizers and tea etc. Items of import from New Zealand are milk and milk products, Iron and steel, sugar, edible fruit and nuts, animal products, animal fats, butter, gas compressors and sawn timber, etc.

Bangladesh-New Zealand trade statistics are shown in the following Tables:

Bangladesh exported to New Zealand

 Unit: US Dollar Million

Product code and Product label

2016-17

2017-18

2018-19

2019-20

2020-21

Total

68.14

83.38

91.79

82.07

104.30

61: Articles of apparel, knitted

42.72

53.68

51.35

48.53

 63.78

62: Articles of apparel, not knitted

19.38

23.39

30.27

26.26

32.90

63: Other made-up textile articles

3.17

2.82

2.81

1.57

1.71

53: Other vegetable textile fibres

1.23

1.41

1.26

1.65

1.37

64: Footwear

0.12

0.25

0.5

0.81

0.91

19: Preparations of cereals

0.23

0.37

0.49

1.07

0.91

20: Preparation of vegetables

0.26

0.37

0.6

0.8

 0.81

65: Headgear

0.37

0.4

0.35

0.4

 0.39

42: Articles of leather

-

               -  

               -  

0.09

 0.20

Source: Export Statistics, Export Promotion Bureau, Bangladesh

Bangladesh imported from New Zealand

Unit: US Dollar Million

Product code

Product label

Value in 2016

Value in 2017

Value in 2018

Value in 2019

Value in 2020

'TOTAL

All products

152.04

219.57

222.60

258.66

246.92

'04

Dairy produce

103.05

195.18

208.03

226.15

201.22

'72

Iron and steel

36.55

12.72

5.02

20.38

39.26

'17

Sugars

1.38

1.16

1.40

0.94

1.42

'08

Edible fruit and nuts

1.65

3.37

0.55

3.77

0.98

'90

Optical, photographic

0.24

0.22

0.40

0.09

0.63

'19

Preparations of cereals

0.00

0.13

0.32

0.48

0.60

'07

Edible vegetables

0.00

0.00

0.02

0.03

0.43

'25

Salt; sulphur

1.26

0.83

0.69

0.77

0.40

'51

Wool

0.01

0.02

0.19

0.09

0.07

Source: ITC calculations based on Statistics New Zealand statistics

 

New Zealand has become one of the new markets for the Bangladeshi shipbuilding industry with signing of a contract between the Government of New Zealand and the Western Marine Shipyard in 2013 to build an oceangoing vessel that would operate between Tokelau and Samoa Islands.