Trade between Sweden and Bangladesh
Bangladesh is an important and growing Swedish trade partner in Southeast Asia.
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 0,3 % of our total imports.
Machinery and apparatus are the most important export products to Bangladesh, representing 36 % of total exports for 2015. Crude materials, mineral fuels, chemicals, paper, iron and steel 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 402 million for 2015.
Swedish imports from Bangladesh are however steadily growing; total imports in 2015 were SEK 3589 million, compared to SEK 2722 million in 2014. 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.