Bangladesh Trade Data for Trade Analysis

by Bangladesh Imports Data Bangladesh Imports Data Solutions

Trade data is considered to play an important role in making strategic decisions. Be the business strategies based on prices, trade flow, volumes, or trends over time or accessing consumers for the business, these strategic decisions provide tremendous help. The trade data helps to create a connection between exporters, logistic companies, importers, manufacturers, or traders all over the world. Bangladesh Trade Data is based upon a collection of the bill of entries and documents of shipping bill with customs.

According to Import Data Bangladesh, the country has been ranked at 49 in the global imports and is recognized to be the largest importer of cotton. Mainly the country purchases its necessary goods that worth approximately to around the US 50 billion dollars from different countries in the world. The well-known partners that this country has in imports include China with 24.07%, India with 12.48%, Singapore with 5.71%, the USA with 4.66%, and lastly Indonesia with 4.49.

The Bangladesh import data provides information about the important suppliers, importers, and the prevalent market situation of the country. Other than these aspects it also presents information on areas like the date of departure, HS code, description of the product, name of the importer, name of exporter, country name from which the product is being imported, the price declared, and the price in which it will be accessible, net weight of the product, quantity of items, number of items, unit of an item, code of currency, code of office and BE NO.

Bangladesh Import Data Provider states that it has shown an increase to around 445.08 BDT billion in December 2020. Its topmost products that are imported include mineral oils and fuels of US 7631 billion dollars, cotton of US 5965 million dollars, mechanical and mechanical appliances of US 4386 million dollars, electronics and electrical machinery of US 2666 million dollars between the periods of 2019 to 2020.

From the time being of December 2019 to November 2020, the top major ports that this country has are Chittagong covering 81.18%, Dhaka with 6.82%, Jessore with 2.57%, and the unknown ports with around 6.72%.