Bangladesh-Thailand Trade Relations

Bangladesh and Thailand signed trade agreement on 22 August 1997, MOU on account trade arrangement and formed joint chambers of commerce to promote bilateral trade between the two friendly countries. The private sectors of the two countries are working together to materialize complementarities between the two economies. These complementarities are likely to be symbiotic, combining Bangladesh’s thirst for investment and Thailand’s keenness
to expand its markets. The momentum is most strongly felt in the private sectors of the two countries.

Trade volume between Bangladesh and Thailand has steadily increased. The following table and a line graph show the pattern of bilateral trade between Bangladesh and Thailand between 2000 and 2012:

 Year Thai Export to
 Bangladesh
 (Million US$)
  Thai Import
 from Bangladesh
 (Million US$)
 Total Trade
 (Million US$)
 Trade Balance
 (Million US$)
 2000 222.59 42.39 264.98 (180.2)
 2001 232.10 28.59 260.69 (203.51)
 2002 229.35 24.57 253.92 (204.78)
 2003 271.94 29.70 301.64 (242.24)
 2004 374.45 13.47 387.92 (360.98)
 2005 395.42 28.72 424.14 (366.7)
 2006 466.63 35.26 501.89 (431.37)
 2007 510.44 14.22 524.66 (496.22)
 2008 574.39 22.08 596.47 (552.31)
 2009 621.59 32.57 654.16 (589.02)
 2010 885.63 24.35 909.98 (861.28)
 2011 1,215.51 42.23 1257.74 (1173.28)
 2012 764.47 86.89 851.36 (677.58)

Data source: Bank of Thailand

Export from Bangladesh

Some major export items from Bangladesh to Thailand include other made textile articles, vegetable textile fibers, articles of apparel, products of animal origin, electrical & electronic equipment, fish and crustaceans, etc.

Import from Thailand

Some major import items from Thailand to Bangladesh include cement, cereals, plastics and articles thereof, man-made staple fibers, sugar and sugar confectionary, machinery and mechanical appliances, cotton and cotton fabrics, etc.

Export prospects

Pharmaceuticals and chemicals, chemical products, leather and leather products, frozen fish, raw jute and jute goods, ceramic tableware, knitwear and woven garments, tea etc. have good prospects in Thai market.