Since the independence a quite extensive development cooperation has dominated the bilateral relations between Bangladesh and Sweden. At the same time, however, trade has developed in a positive way albeit from a low level. At the moment trade with Bangladesh accounts for 0,06 % of Sweden’s total exports and 0,18 % of our total imports.
Telecommunication apparatus and equipments are the most important export products to Bangladesh, representing 17 % of total exports for 2009. Machinery and other engineering products, paper, wood, ore, iron, steel and chemical products are also important.
The Swedish export reached a peak in 2007 with SEK 2073 million . This peak was largely a result of an up- scaling of the telecommunications sector and exports to provide equipment to this end. After this investments phase in the telecommunications sector the export have now decreased to SEK 617 million for 2009.
Swedish imports from Bangladesh are however steadily growing; total imports in 2009 were SEK 1625 million, compared to SEK 1471 million in 2008. It should be noticed that the registered trade statistics underestimate the import figures as Bangladeshi products intended for the Swedish market are often off-loaded in other countries in the European Union.
There is a potential for increased trade between Sweden and Bangladesh. The positive image of Sweden in Bangladesh is an important factor when promoting Swedish industries in Bangladesh for example energy, environment, paper pulp and leather-products. Also in the field of textiles, ready made garments and pharmaceuticals there are significant opportunities for growth in our trade relations.
For Swedish exporters and importers who are interested in trading with Bangladesh or Swedish investors in establishing a presence in Bangladesh, you are welcome to contact the Swedish Trade Council office in New Delhi, or the Swedish Embassy in Dhaka.
There are more than 50 Swedish or Swedish-related companies represented in Bangladesh by themselves or by agents.