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Bangladesh - NZ Trade Relations

Trade between New Zealand and Bangladesh are undergoing healthy growth. The volume of trade between the countries stood NZ$248 million approximately in the year to 2014 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 (LDCs).

Bangladesh Export to New Zealand

Year

Volume of Export (In US$ Million)

2009-10

12.83

2010-11

22.53

2011-12

13.77

2012-13

40.86

2013-14

40.65

2014-15 (June 2014 – April 2015)

40.90

Source: Export Promotion Bureau, Dhaka.

New Zealand Export to Bangladesh (in million NZ$)

Year

Volume of Import

(in million NZ$)

2009

70.90

2010

86.78

2011

158.56

2012

138.04

2013

114.37

2014

188.37

2015

( till March)

30.37

Source: Statistics New Zealand, New Zealand Government.

Bangladesh major exports to New Zealand consists of woven garments - (66.9%), woollen garments (20.8%) jute products - (6.8%), hats - (2.5%), misc garment accessories – (1.4%).

While New Zealand’s main export sector to Bangladesh are milk powder - (90.0%), electrical equipment - (2.9%), waste steel- (2.0%), pip fruit - (1.4%), etc.