In 2024, Bangladesh import statistics show that the country purchased $63.7 billion worth of goods from international suppliers.

That figure reflects a 25.5% growth compared with $50.7 billion in 2020, although it also indicates a 10% decline from the $70.6 billion recorded in 2023.

According to exchange rate data, the Bangladeshi taka weakened by 6.2% against the U.S. dollar from 2023 to 2024. This depreciation made Bangladesh imports more costly when converted from stronger U.S. dollars.

With a population of about 172 million, the 2024 import value translates to roughly $370 per person, slightly below the $380 per capita level from 2023.

Leading Bangladesh Import Categories

The following product groups represented the highest-value Bangladesh imports in 2024:

·Mineral fuels including oil: $9.2 billion (14.5%)

·Cotton: $7.7 billion (12.2%)

·Machinery including computers: $4.4 billion (6.9%)

·Electrical machinery & equipment: $3.6 billion (5.7%)

·Iron & steel: $3.2 billion (5%)

·Plastics & plastic articles: $2.6 billion (4.1%)

·Knitted or crocheted fabrics: $2.3 billion (3.6%)

·Man-made staple fibers: $2.2 billion (3.5%)

·Animal/vegetable fats, oils & waxes: $2 billion (3.2%)

·Man-made filaments: $1.9 billion (3%)

Together, these categories represented 61.5% of total Bangladesh imports.

Growth and Decline Trends in Bangladesh Imports

Key growth drivers included:

·Knitted or crocheted fabrics (+27.1%)

·Man-made staple fibers (+15%)

·Cotton (+8.8%)

·Man-made filaments (+8.7%)

Meanwhile, the sharpest declines were observed in:

·Mineral fuels including oil (-32.1%)

·Machinery including computers (-16.3%)

·Iron & steel (-11.2%)

Bangladesh Import Data by HS Code

Looking deeper into HS codes, the major Bangladesh imports in 2024 were:

1.Processed petroleum oils (9.5%)

2.Raw cotton (4%)

3.Cotton yarn (2.9%)

4.Iron & steel scrap (2.9%)

5.Synthetic yarn woven fabrics (2.2%)

6.Palm oil (2.1%)

7.Cotton woven fabrics (2%)

8.Coal and related solid fuels (1.8%)

9.Electrical energy (1.7%)

10.Non-warp-knit fabrics (1.6%)

Collectively, these accounted for 30.3% of all Bangladesh imports.

Bangladesh Import Companies

For businesses aiming to enter the Bangladesh import market, identifying reliable buyers is critical. With Tendata's trade intelligence tools, companies can search by HS code or keyword, analyze purchasing patterns, and directly access verified contact information.

For example, when examinin'g cotton imports, Tendata can instantly reveal the top 10 Bangladesh import companies in 2024:

1.Badsha Textiles Ltd (1.9%, $204.84M)

2.Kamal Yarn Limited (1.52%, $163.77M)

3.Square Textiles PLC (0.96%, $103.52M)

4.Refat Garments Limited (0.89%, $96.44M)

5.Epic Garments Manufacturing Co (0.8%, $86.2M)

6.Kenpark Bangladesh Apparel (0.69%, $74.67M)

7.N Z Textile Limited (0.68%, $73.7M)

8.Pacific Jeans Limited (0.68%, $70.32M)

9.Karim Tex Ltd (0.65%, $67.26M)

10.Envoy Textiles Limited (0.62%, $63.23M)

Whether you are a newcomer or an experienced exporter, leveraging Bangladesh import data helps uncover market opportunities and build strong business connections. Contact Tendata today for a free demo and deeper insights into Bangladesh imports.