Scrap vessel imports drop to a 4 year low in 2022

In FY24, Bangladesh earned Tk 1,499 crore in tariff revenue from US imports, accounting for just 1.5% of its total Tk 100,819 crore import revenue. During the July–March period of FY25, revenue from US imports stood at Tk 1,010 crore, less than 2% of the Tk 64,439 crore total.

Bangladesh has met 76% of its FY25 rice import target, bringing in 0.38 million tonnes out of the planned 0.50 million tonnes, with shipments from India, Pakistan, Myanmar, and Vietnam. The food ministry has now extended the import target to 0.90 million tonnes until December.

Bangladesh plans to increase US cotton imports to avoid potential tariffs under the Trump administration, which has imposed high duties on various countries. Despite facing a 15.62% duty, Bangladesh’s exports to the US remain strong.

India's share in Bangladesh's trade has declined since April 2024 due to import restrictions and consumer boycotts, while China’s share has grown. According to BBS data, India’s import share fell from 16.29% in March to 11.81% in July, whereas China’s rose from 23.48% in April to 29.36% in July.

In January 2025, Bangladesh's imports from India increased by 17.27%, despite political and public discourse advocating reduced dependency on Indian goods. Data from India’s Ministry of Commerce and Industry shows that during the first ten months (April-January) of the Indian fiscal year 2024-25, India's global exports grew by only 1.39%, while exports to Bangladesh rose by 6.6%.

Bangladesh’s fresh fruit imports fell to $128.51 million in the first half of FY25, the lowest in three years, due to the taka’s depreciation and high import duties. Letters of credit (LC) openings for fruit imports declined 3.29% year-on-year to $140.5 million in July-December FY25.