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Bangladesh - NZ Trade Relations

Trade between New Zealand and Bangladesh are undergoing healthy growth, with increased demand for New Zealand milk powder in Bangladesh and Bangladesh’s RMG in New Zealand. The volume of trade between the countries stood NZ$ 300 million approximately in the year to 2017 and the trade balance is largely in New Zealand’s favour.  Bangladesh benefits from New Zealand’s policy to extend duty free access to the world’s least developed countries.

Bangladesh Export to New Zealand

 

Year

Volume of Export (In US$ Million)

2008

5.40

2009

11.83

2010

18.74

2011

30.28

2012

40.59

2013

46.88

2014

49.03

2015

63.31

2016

77.24

2017

76.76

Sources: calculation based on Statistics New Zealand & UN COMTRADE Statistics

New Zealand Export to Bangladesh 

Year

Volume of Import

(In US$ Million)

2008

28.85

2009

44.56

2010

61.71

2011

125.52

2012

111.79

2013

93.90

2014

156.57

2015

149.72

2016

152.40

2017

218.42

Sources: calculation based on Statistics New Zealand & UN COMTRADE Statistics

Bangladesh Mainly exports to New Zealand consist of RMG (90%). Some other export products are Articles of Leather, Ceramic, Jute, Articles of Plastics, Toys, etc.

While New Zealand’s main export sector to Bangladesh are milk powder (89%), Iron and Steel (5.85%), Edible Fruit and Nuts (1.5%), Live Animals (1.5%), Sugars, Pulp of Wood, etc.