Imports from Pakistan Rise to 1.93 Million Metric Tons in FY24

Economic Tag: Import, Trade

Over the past 16 years, Bangladesh’s trade relations with Pakistan were strained under the Awami League government, but a shift is occurring following a change in government. Trade with Pakistan has increased, while trade with India has slightly decreased. In FY 2022-23, Bangladesh imported 3.21 million metric tons of goods from India, valued at 116,633 crore taka, but in FY 2023-24, imports dropped to 2.71 million metric tons, with the value rising to 118,093 crore taka. Conversely, imports from Pakistan grew from 1.29 million metric tons in FY 2022-23 to 1.93 million metric tons in FY 2023-24, valued at 9,129 crore taka. Both imports and exports from Pakistan have risen, with exports to Pakistan in the first half of FY 2024-25 totaling 475 crore taka. Business leaders and economists emphasize maintaining good relations with neighboring countries and balancing imports from multiple sources to ensure reasonable prices for consumers.

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