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.

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Bangladesh - NZ Trade Relations