Bangladesh is a South Asian country east of India sharing a border with the Bay of Bengal.
As of 2020, Bangladesh had a Gross Domestic Product (GDP) of 329.12 billion USD. The country has shown a 160 billion USD growth since 2014 and is expected to continue till 2025.
As of 2019, the share of economic sectors in the GDP of Bangladesh was
The main import-export partners of the country are:
The mining industry of Bangladesh mainly produces coal, natural gas, petroleum, and granite. Coal remains the dominant of all the natural resources found in the country, with several coal mines discovered over the year holding billions of tons of reserves. The 2017 figures show that the coal rents of Bangladesh accounted for 0.02 percent of the GDP.
The country has untapped potential in the mining sector, and since the GDP is showing exceptional annual growth, the demand for mining and mineral processing equipment could see a rise.
The construction industry of Bangladesh is among the 15 most impactful sectors of the economy. It contributed 2,241,668 BDT to the GDP of Bangladesh in 2020. The industry’s compound annual growth rate (CAGR) is expected to grow 8% until 2026. The year 2019 was especially good for the industry as it was backed by an improving economy, government support, and many mega infrastructure projects. The country also has billions of dollars worth of construction projects in the works.
In light of the impact of the construction industry on the economy, Camamach has stocked the best construction equipment competitive rates for you to fully exploit the opportunities.
The main 5 seaports of Bangladesh are:
For imports, Camamach uses the Port of Chittagong.
Bangladesh aims to tap into the massive potential of the mining sector. As for the construction industry, it is on a growth path. Some of the imported equipment includes Mobile Crushers, Trailer Concrete Pumps, Beneficiation Equipment, Heavy Duty Trucks, etc.
In Bangladesh, the importers electronically submit the manifest data to the customs authority. The duties and taxes are paid once the imported goods are cleared by the customs.
The general documentation for imports into the country include
You can visit the country’s official website for complete details.
Camamach has years of exporting experience in Bangladesh. Feel free to contact us at sa[email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.