Exports to China drop more than India in FY20

The country’s receipt from exports in goods to China dropped heavily in the last fiscal year (FY20) compared to the decline in exports to India during the same period.

Statistics compiled by Export Promotion Bureau (EPB) showed that exports earning from China came down to $600.10 million in FY20 from $833.20 million in FY19, posting a decline of 28 percent within a year.

At the same time, exports to India dropped by around 12.15 percent to $1096.38 million in the last fiscal year from $1248.05 million in the previous fiscal year.

Bangladesh is currently enjoying tariff-free access for all but 25 products in Indian market.

Bangladesh had also been enjoying duty-free market access for some 61.0 percent of products in China. The country, however, extended the benefits for 97.0 percent of products with effect from July 1, 2020.