Bangladesh holds common fence with India in east region. India exported goods worth 8.4 billion US dollar and imported 685.6 million USD in 2017-18. India has trade surplus with Bangladesh in tune of 7.7 billion USD. Export to Bangladesh is increasing year on year basis and recorded highest in 2017-18.
Key Points of India Bangladesh trade balance in 5 years
- Export to Bangladesh increased by 24.1% in FY 2017-18
- Import from Bangladesh decreased by 2.3%
- India’s export to Bangladesh in 5 years is highest in 2017-18 at 8.4 billion USD.
- India’s import from Bangladesh was highest in 2015-16 at 727.2 millions USD.
- Trade balance is in favor of India in tune of 7.7 billion USD.
- India’s total export was highest in 2013-14 at 314 billion USD in last 5 years.
- India’s import from Bangladesh is increasing and it has been increased 35% from 2013-14
Also read, India Pakistan trade balance analysis for 5 years : 2013- 2018
Review and Analysis of India Bangladesh trade balance
Bangladesh has created a niches in apparels and clothing accessories, this is also top commodity imported by India. Other than clothing India looks at Bangladesh for importing Vegetable textile fibers, knitted clothes, lead, salt and sulphur.
Top 25 commodities imported from Bangladesh
| Country: BANGLADESH, Values in Million $ US | ||||
| S.No. | Commodity | 2016-17 | 2017-18 | %Growth |
| 1 | Articles Of Apparel And Clothing Accessories, Not Knitted Or Crocheted. | 107.18 | 152.12 | 41.93 |
| 2 | Other Vegetable Textile Fibres; Paper Yarn And Woven Fabrics Of Paper Yarn. | 195.79 | 134.36 | -31.37 |
| 3 | Articles Of Apparel And Clothing Accessories, Knitted Or Corcheted. | 32.74 | 48.87 | 49.28 |
| 4 | Lead And Articles Thereof. | 31.02 | 30.92 | -0.3 |
| 5 | Salt; Sulphur; Earths And Stone; Plastering Materials, Lime And Cement. | 20.74 | 29.05 | 40.06 |
| 6 | Other Made Up Textile Articles; Sets; Worn Clothing And Worn Textile Articles; Rags | 47.91 | 23.8 | -50.33 |
| 7 | Iron And Steel | 13.92 | 23.77 | 70.77 |
| 8 | Fish And Crustaceans, Molluscs And Other Aquatic Invertabrates. | 9.52 | 21.24 | 123.07 |
| 9 | Copper And Articles Thereof. | 5.24 | 20.25 | 286.58 |
| 10 | Cotton. | 12.43 | 18.62 | 49.78 |
| 11 | Plastic And Articles Thereof. | 6.02 | 16.09 | 167.05 |
| 12 | Ships, Boats And Floating Structures. | 18.56 | 12.89 | -30.56 |
| 13 | Beverages, Spirits And Vinegar. | 9.35 | 11.91 | 27.39 |
| 14 | Inorganic Chemicals; Organic Or Inorganic Compounds Of Precious Metals, Of Rare-Earth Metals, Or Radi. Elem. Or Of Isotopes. | 10.59 | 11.02 | 4.07 |
| 15 | Knitted Or Crocheted Fabrics. | 7.18 | 11 | 53.12 |
| 16 | Mineral Fuels, Mineral Oils And Products Of Their Distillation; Bituminous Substances; Mineral Waxes. | 45.1 | 10.53 | -76.65 |
| 17 | Footwear, Gaiters And The Like; Parts Of Such Articles. | 12.12 | 10.24 | -15.47 |
| 18 | Articles Of Leather,Saddlery And Harness;Travel Goods, Handbags And Similar Cont.Articles Of Animal Gut(Othr Thn Silk-Wrm)Gut. | 7.71 | 9 | 16.85 |
| 19 | Paper And Paperboard; Articles Of Paper Pulp, Of Paper Or Of Paperboard. | 1.54 | 8.85 | 473.04 |
| 20 | Preparations Of Cereals, Flour, Starch Or Milk; Pastrycooks Products. | 4.53 | 7.89 | 73.91 |
| 21 | Raw Hides And Skins (Other Than Furskins) And Leather | 12.12 | 6.97 | -42.51 |
| 22 | Wadding, Felt And Nonwovens; Spacial Yarns; Twine, Cordage, Ropes And Cables And Articles Thereof. | 17.61 | 6.77 | -61.58 |
| 23 | Rubber And Articles Thereof. | 6.33 | 5.48 | -13.45 |
| 24 | Electrical Machinery And Equipment And Parts Thereof; Sound Recorders And Reproducers, Television Image And Sound Recorders And Reproducers,And Parts. | 4.14 | 4.59 | 10.87 |
| 25 | Zinc And Articles Thereof. | 5.53 | 4.52 | -18.23 |
Though clothes and apparel are imported from Bangladesh but cotton as raw materiel is exported by India. Cotton is leading commodity exported from India followed by vehicles, nuclear reactors, mineral oils and Cereals.
Top 25 commodities exported to Bangladesh from India
| Country: BANGLADESH, value in Million $ US | ||||
| S.No. | Commodity | 2016-17 | 2017-18 | %Growth |
| 1 | Cotton. | 1,595.12 | 1,816.21 | 13.86 |
| 2 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof. | 737.99 | 1,009.30 | 36.76 |
| 3 | Cereals. | 62.03 | 799.6 | 1,188.99 |
| 4 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes. | 548.71 | 764.88 | 39.39 |
| 5 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. | 447.8 | 553.02 | 23.5 |
| 6 | Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers,and parts. | 206.78 | 290.69 | 40.58 |
| 7 | Iron and steel | 372.64 | 269.77 | -27.61 |
| 8 | Residues and waste from the food industries; prepared animal foder. | 206.8 | 263.74 | 27.53 |
| 9 | Man-made staple fibres. | 256.84 | 224.58 | -12.56 |
| 10 | Plastic and articles thereof. | 209.84 | 222.19 | 5.88 |
| 11 | Organic chemicals | 194 | 210.21 | 8.36 |
| 12 | Tanning or dyeing extracts; tannins and their deri. Dyes, pigments and other colouring matter; paints and ver; putty and other mastics; inks. | 181.58 | 190.7 | 5.03 |
| 13 | Aluminium and articles thereof. | 89.76 | 166.4 | 85.38 |
| 14 | Articles of iron or steel | 75.88 | 135.21 | 78.19 |
| 15 | Man-made filaments. | 103.85 | 130.01 | 25.18 |
| 16 | Salt; sulphur; earths and stone; plastering materials, lime and cement. | 147.55 | 129.35 | -12.33 |
| 17 | Miscellaneous chemical products. | 108.48 | 128.51 | 18.47 |
| 18 | Edible vegetables and certain roots and tubers. | 169.56 | 106.81 | -37.01 |
| 19 | Rubber and articles thereof. | 84.72 | 87.76 | 3.58 |
| 20 | Coffee, tea, mate and spices. | 120.61 | 68.72 | -43.03 |
| 21 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations. | 49.06 | 57.35 | 16.91 |
| 22 | Optical, photographic cinematographic measuring, checking precision, medical or surgical inst. And apparatus parts and accessories thereof; | 47.1 | 56.86 | 20.72 |
| 23 | Knitted or crocheted fabrics. | 56.58 | 53.92 | -4.7 |
| 24 | Paper and paperboard; articles of paper pulp, of paper or of paperboard. | 37 | 52.55 | 42.03 |
| 25 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, or radi. Elem. Or of isotopes. | 39.64 | 44.37 | 11.93 |
Source Ministry of Commerce and Industry, India
