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.
