67 per cent imports of Bangladesh are now coming from top 10 source countries. In the last fiscal year (FY) 2015-16, the countrys total exports were valued at $36.75 billion. This excludes that of the Export Processing Zones, according to the Bangladesh Bank (BB) data.
In FY16, the actual import payments, in free on board value, stood at $39.71 billion. On the other hand, China followed by India were the largest source of the countrys imports. In the last fiscal year, imports from China stood at $9.64 billion which was $8.23 billion in FY15. Thus, Chinas share in total imports stood at 26 per cent.
Bangladeshs imports from India, however, slid to $5.45 billion in the last fiscal year from $5.82 billion in FY 2014-15. Imports from the countrys neighbouring country constituted 15 per cent of the total imports in Bangladesh.
In FY 2015-16, Singapore was the third largest exporters of goods to Bangladesh. Imports from the city-state stood at $1.96 billion in the last fiscal year followed by Japan from where products worth $1.60 billion were imported. Indonesia ranked fifth as an import partner from where goods worth $1.22 billion were purchased in the last FY. The United States (US) has emerged as the sixth largest import source. The imports from the US jumped up by around 46 per cent in the last fiscal year to $1 billion from $690.6 million in FY15.