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Economy, Commerce and Foreign Trade

raw jute, important exports, mineral fuels, Domestic trade, foreign trade

The per-capita volume of Bangladeshi internal and foreign trade is low. Domestic trade in rural areas is conducted largely through thousands of periodic markets called hats. Since independence in 1971 the value of Bangladesh’s annual imports has usually been at least twice that of exports; in 2000 imports cost $8.4 billion, and exports earned $5.7 billion. The principal exports are jute products and raw jute; clothing, seafood, tea, and hides and leather goods are the other important exports. Imports include foodstuffs, basic manufactures, mineral fuels, machinery, and transportation equipment. Exports go mainly to European countries (especially Germany and Italy), the United States, Hong Kong, and Japan; imports come chiefly from India, European countries, China, Japan, Hong Kong, South Korea, Singapore, and the United States. Only a relatively insignificant number of tourists visit Bangladesh each year.

Article key phrases:

raw jute, important exports, mineral fuels, Domestic trade, foreign trade, hides, European countries, South Korea, leather goods, foodstuffs, hats, transportation equipment, clothing, Hong Kong, Japan, seafood, rural areas, China, Italy, tea, Germany, Singapore, India, machinery, United States


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