Trade Balance Between Bangladesh and France
From the inception of Bangladesh, France was most friendly country in the world. Although two
countries belong to two different continents and have long distance. They have strong
relationship with each other. France is the 5 th largest export destination of Bangladeshi products.
And Bangladesh had 14311.6 crore taka export of products and services and 2020-2021 and
18622.9 crore taka in 2021-2022 Fiscal year (2023). That shows an upward trend of export year
on year. Bangladesh imported 1643.38 crore taka of goods and services in 2020-2021 and
1616.08 crore taka for 2021-2022 (2023). These export and import figures show us the balance
of trade which are 12668.22 crore taka in 2020-2021 and 17006.82 crore taka in 2021-2022. That
simultaneously indicates a trade surplus and the volume of surplus is getting bigger year on year.
It is expected that this trend will continue further as the political, economic and social
relationship between two countries are stronger and it will be stronger further as a result of a visit
of president of France Mr. Emanuel Macron in Bangladesh.
Following is the figure of trade balance between Bangladesh and France.
Trade Balance Between Bangladesh and France
19000 18622.9
17006.82
17000
15000 14311.6
13000 12668.22
11000
9000
7000
5000
3000
1643.38 1616.08
1000
Export Import Trade balance
2020-2021 14311.6 1643.38 12668.22
2021-2022 18622.9 1616.08 17006.82
Figure 1_Trade
Taka in Crore balance
NaNbetween Bangladesh NaN
and France. NaN
The Investment Opportunities That Exist In Each Country For Businesses.
Bangladesh is doing business with France for so long and there have been several bilateral trade
agreements between two countries. Both countries economic and political favorable position are
showing great opportunities for each other. As Bangladesh is on the edge of becoming middle
income country and there are many middle-income families and the per capita income of our
country people is also increasing that creates more opportunities for new employment. There are
several mega projects that have been completed (e.g. Dhaka elevated express way, Padma
multipurpose bridge, Karnafuli tunnel, Payra Deep sea port and so on) there are many under
construction that are expected to be completed within very short time. There are eight export
processing zone and several economic zone and few special economic zones that create facilities
for local and international company for doing business efficiently. For example, in Narayanganj,
Japanese company established a car assembling factory as there are available workforce with low
cost and there are many roads and waterways that well connect with the country’s main location
for example, SEA PORT, AIR PORT and so on. Bangladesh is currently exporting ready-made
garments which constitute 91.85% of total export in France and Home textile 2.51% which is
kind of garments product. 3.29% of total export is constituted by Leather and Leader
Manufacturing product. And rest Fish, Shrimps and Prawns, Jute Manufactures, Raw Jute,
Handicraft and other account for only small portion (2022). Here we can see Bangladesh is
largely exporting Garments products and Leather and Leather manufacture. This figure have
been possible because of availability of factors of production and favorable. France government
can have the opportunities to invest in these sectors. Besides these France can invest in the
technology sector and become the development partner of Bangladesh and create good for itself.
Export composition(2022)
100.00% 91.85%
80.00%
60.00%
40.00%
20.00%
0.73% 2.51% 0.06% 3.29% 0.00% 0.07% 1.50%
0.00%
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Figure 2_Export Composition (2022)
Bangladesh has small amount of import compared to export with France and the main import
composition consists of Machinery, Nuclear Reactor, Boiler 31.18%, Pharmaceuticals products
8.45%, Miscellaneous Chemical products 8.80%, Electrical, Electronic equipment 7.82%,
Articles of Iron or Steen 5.98% and so on (2022). An Ruppur, Pabna, Nuclear power plant is
under construction and so it will be operational and Bangladesh will need Nuclear Reactor which
is being imported from and it will be win-win situation for both country as there is a established
supply chain between two countries. Besides these, pharmaceutical industry in Bangladesh is
growing so rapidly than ever before and to meet the growing demand Bangladesh needs raw
materials of medicine along this people are becoming more affluent and careful about their
health that boost out pharmaceutical industry. As Bangladesh growing so fast, infrastructure
Development is becoming essential for this country and infrastructural development largely
depend of steel and iron which Bangladesh import from France. Above mentioned door of
opportunities has been available now it is the task of government and businesspeople and general
citizens to avail this opportunity and bring good for themselves.
Following is figure of the partial import composition from France for 2022
Import composition(partial_2022)
35.00%
31.18%
30.00%
25.00%
20.00%
8.45%
15.00%
1.01%
4.57% 2.51%
10.00% 8.80% 3.75%
7.82% 1.84%
5.98% 1.20%
4.72% 4.57%
5.00%
2.27% 1.99%
1.31%
0.00%
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Figure 3_Import Composition (Partial_2022)
So, it is crystal clear that bilateral relation between two countries is more stable and desirable.
Bangladesh and France should work on improvement of their relationship so that it last long.
Appendix
Figure 1_Trade balance between Bangladesh and France.........................................................1
Figure 2_Export Composition (2022)...........................................................................................3
Figure 3_Import Composition (Partial_2022).............................................................................4
Reference
Export info (2023) Bangladesh Bank. Available at:
[Link] (Accessed: 14 September 2023).
France exports to BANGLADESH2023 data 2024 forecast 1994-2022 historical (2022) France
Exports to Bangladesh - 2023 Data 2024 Forecast 1994-2022 Historical. Available at:
[Link] (Accessed: 14 September 2023).
France imports from BANGLADESH2023 data 2024 forecast 1994-2022 historical (2022)
France Imports from Bangladesh - 2023 Data 2024 Forecast 1994-2022 Historical.
Available at: [Link] (Accessed: 14
September 2023).
Import info (2023) Bangladesh Bank. Available at:
[Link] (Accessed: 14 September 2023).