Bangladesh is a developing nation with predominance on agriculture and farm based industries. For Bangladesh sourcing it is important to have knowledge of the natural resources and products of this country.
Though agricultural sector employs 45 percent of this nation’s labor it contributes about 17 percent towards GDP (gross domestic product). In contrast, services sector contributes more than 54 percent towards GDP.
Worth knowing about Bangladesh
Items of Export
Jute and jute items, fish, leather products, grain, frozen food, knitwear and garments are chief items of export from Bangladesh. As per 2012 estimates exports amounted to US $25.79 billion annually. Leading buyers of Bangladeshi exports are United States, United Kingdom, Germany, Italy, Spain, France, and Netherlands. This country imports mainly from India, China, and Malaysia.
Resources and Industries
Bangladesh lying wholly in the tropics is abundant in crops requiring adequate sunshine and rainfall. Rice, wheat, pulses and potato are the principal food crops, while jute, sugarcane, tobacco, tea, spices, oilseeds, and fruit are the notable cash crops. Among other primary items, fish, poultry, beef and milk are significant. This country has sizeable resource of timber, coal, and natural gas.
Industries are primarily farm based such as jute and jute products, tobacco, paper, textile, sugar, salt, tea, and edible oil. Other noteworthy industries include cement, leather goods, ceramic, pharmaceuticals, fertilizer, petroleum products, iron foundries, and metal fabrication.
In Bangladesh, rice is the single most important crop used both for local consumption and exports. Fish is another significant item of export from this Asian nation.
For greater details and more information on Bangladesh sourcing, please contact us.
Frequently Asked Questions
Below are answers to the most frequently asked questions. Please feel free to contact us. Use our contact form or arrange a callback with a consultant.
What kind of products & services do you source?
We can source any product or service from commodity to customised. Check our Category Expertise section to see the range.
What kind of businesses do you work with?
We work with small to multi-national companies that are looking to procure goods and services from emerging markets for export or to support their local operations.
Do you have preferred relationships with suppliers?
We are supplier independent, we never take commissions from suppliers, and we conduct our procurement on an objective and documented basis.
How long does it take to quantify the potential value opportunity?
From initial brief to quantifying the potential value opportunity, takes between a few days for categories we know well to 2 months for new categories.
How long does it take to fully qualify a new supplier?
To qualify a new supplier that has been identified as offering potential value, takes between a few weeks for simple off-the-shelf products to several months for complex custom engineered products.