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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.
