Turkey-Bangladesh Economic and Trade Relations

Main Economic Indicators (2018)

GNDP (billion $)

274,024

GNDP Growth Rate (%)

7.9

Population(million

164,7

GNDP Per Capita ($)

1.647

Inflation Rate (%)

5,5

Unemployment rate (%)

4,4

Exports(fob-billion $)

38,7

Imports(fob-billion $)

54,6

Bilateral Trade Volume (milion $) (2019)

935,8

Source: World Bank, EIU, Worldfactbook

The most important export markets for Bangladesh: USA, Germany, United Kingdom, Netherlands and France.

Main Countries for Bangladeshi Imports: China, India, Singapore, Indonesia, Hong Kong.

Main Export Commodities: Ready-made garment, jute, jute fiber, frozen seafood, leather and tea.

Main Import Commodities : Petrol, petrol oils, cotton, textile machinery and their apparels, plastic products, agricultural products and iron-steel.

Bilateral Economic and Trade Relations Between Banghladesh And Turkey

Figures of export, import, trade volume (milyon $)

Year

Export

Import

Volume

Balance

2015

200

996

1.196

-796

2016

264

881

1.145

-617

2017

294

737

1.032

-443

2018

373

484

857

-111

2019

427,1

508,6

935,8

-81,5

2020/3 months

96,6

173,2

269,6

-76,6

Kaynak:TÜİK

Main commodities exported to Bangladesh : Iron and steel construction material, cotton, milk and milk products, machines and their components, textile machinery, spices, generators.

Main commodities imported from Bangladesh: Jute yarns & twine, Jute manufacturers knitwear, woven garments, leather, seramics.

Bilateral Cooperation Mechanisms:

- Joint Economic Commission Meeting (JEC): The last JEC meeting between the two countries (5th period) was held in Ankara on 19-20 November 2019.


- Business Council: The Council was established in 2011.

Agreements on the agenda:

The signing of the Preferential Trade Agreement (PTA) between Bangladesh and Turkey is on the agenda.

Development Assistance:
Development assistance made by our country to Bangladesh between 2004-2014 is around 13 million USD. The great part of the aid is in the area of education, health and vocational training. TIKA Program Coordination Office has been operating in Bangladesh since 2014.