Trade Between Bangladesh-Turkey

Main Economic Indicators (2018)
GNDP (billion $)      274,024     
GNDP Growth Rate (%)         7.9
Population (million       164,7
GNDP Per Capita ($)       1.647
Inflation Rate (%)        5,5
Unemployment rate (%)       4,4
Exports (fob-billion $)      38,7
Imports (fob-billion $)      54,6
Bilateral Trade Volume (million $) (2019)                    935,8
Source: World Bank, EIU, World factbook

The most important export markets for Bangladesh: USA, Germany, United Kingdom, Netherlands and France.
Main Countries for Bangladeshi Imports: China, India, Singapore, Indonesia, Hong Kong.
Main Export Commodities: Ready-made garment, jute, jute fiber, frozen seafood, leather and tea.
Main Import Commodities: Petrol, petrol oils, cotton, textile machinery and their apparels, plastic products, agricultural products and iron-steel.
Bilateral Economic and Trade Relations Between Bangladesh And Turkey
Figures of export, import, trade volume (million $)
Year Export Import Volume Balance  
2015 200 996 1.196 -796  
2016 264 881 1.145 -617  
2017 294 737 1.032 -443  
2018 373 484 857 -111  
2019 427,1 508,6 935,8 -81,5  
2020/3 months 96,6
173,2  
269,6 -76,6  
                     
                         

Main commodities exported to Bangladesh: Iron and steel construction material, cotton, milk and milk products, machines and their components, textile machinery, spices, generators.
Main commodities imported from Bangladesh: Jute yarns & twine, Jute manufacturers knitwear, woven garments, leather, ceramics.
Bilateral Cooperation Mechanisms:
Joint Economic Commission Meeting (JEC): The last JEC meeting between the two countries (5th period) was held in Ankara on 19-20 November 2019.

- Business Council: The Council was established in 2011.

Agreements on the agenda:

The signing of the Preferential Trade Agreement (PTA) between Bangladesh and Turkey is on the agenda.