The strong economic ties and the potential engagement of the trade firms accompanied by the several agreements and memorandums of understanding between the two trade destination estates have facilitated the overall trade hike in 2024. The strong focus on the trade of transportation equipment and other agricultural goods has fostered the annual valuation and the coherent dependency of the trade firms on each other.
A representative of the strong trade relationship between both nations, the increasing dependency of Uzbekistan’s trade authorities on Bangladesh's exported goods for its domestic acquisitions has made the country export products worth 1.6 billion US dollars in 2024. Bangladesh Customs Data says the cost-effective trade management of both the nation’s trade firms has recorded a hike of around 6.7% in the annual bilateral trade value worth 2.5 billion US dollars in 2024, countering the record braking trade growth of the previous several years; setting epitome of building supply chains among the other global trade leaders.
The growing evolution of the trade firms of Bangladesh via the modification of the transportation ports and the cost-effective nature of the initiatives signed between the trade estates have been fostering the annual trade valuation. As per the Bangladesh Export Data, the top 10 goods that the nation has exported to Uzbekistan in 2024 are,
• Readymade Garments - The total export trade value of Readymade Garments supplied from Bangladesh to Uzbekistan in 2024 – 900 million US dollars.
• Pharmaceutical Products - The total export trade value of Pharmaceutical Products supplied from Bangladesh to Uzbekistan in 2024 – 800 million US dollars.
• Leather Product - The total export trade value of Leather Products supplied from Bangladesh to Uzbekistan in 2024 – 700 million US dollars.
• Jute and Jute Products - The total export trade value of Jute and Jute Products supplied from Bangladesh to Uzbekistan in 2024 – 625 million US dollars.
• Agricultural Products - The total export trade value of Agricultural Products supplied from Bangladesh to Uzbekistan in 2024 – 541 million US dollars.
• Frozen Seafood - The total export trade value of Frozen Seafood supplied from Bangladesh to Uzbekistan in 2024 – 445 million US dollars.
• Textile Yarn and Fabrics - The total export trade value of Textile Yarn and Fabrics supplied from Bangladesh to Uzbekistan in 2024 – 378 million US dollars.
• Ceramics - The total export trade value of Ceramics supplied from Bangladesh to Uzbekistan in 2024 – 245 million US dollars.
• Paper and Paper Products - The total export trade value of Paper and Paper Products supplied from Bangladesh to Uzbekistan in 2024 – 187 million US dollars.
• Plastic Products - The total export trade value supplied from Bangladesh to Uzbekistan in 2024 – 145 million US dollars.
The backbone of the strong bilateral trade relationship between Bangladesh and Uzbekistan are the manufacturing companies that drive the import and export dependency of both nations. According to the Bangladesh Trade Data, the top 10 exporting companies of Bangladesh that drive the delivery of essentials to Uzbekistan in 2024 are,
• Square Pharmaceuticals Ltd (Destination - Dhaka) – Total valuation of the goods exported from Square Pharmaceuticals Ltd Bangladesh to Uzbekistan in 2024 – 876 million US dollars.
TOP EXPORTED GOODS
1. Generic Medicines
2. Active Pharmaceutical Ingredients
3. Medical Devices
4. Herbal Products
5. Veterinary Medicines
• Beximco Pharmaceuticals Ltd. (Destination - Dhaka) – Total valuation of the goods exported from Beximco Pharmaceuticals Ltd Bangladesh to Uzbekistan in 2024 – 789 million US dollars.
TOP EXPORTED GOODS
1. Generic Medicines
2. Active Pharmaceutical Ingredients
3. Nutraceuticals
4. Biosimilar Products
5. Surgical Products
• Pran-RFL Group (Destination - Dhaka) – Total valuation of the goods exported from Pran-RFL Group Bangladesh to Uzbekistan in 2024 – 654 million US dollars.
TOP EXPORTED GOODS
1. Agricultural Products
2. Plastics
3. Consumer Goods
4. Jute and Textile Products
5. Pharmaceuticals
• Akij Group (Destination - Dhaka) – Total valuation of the goods exported from Akij Group Bangladesh to Uzbekistan in 2024 – 532 million US dollars.
TOP EXPORTED GOODS
1. Tobacco Products
2. Cement
3. Textile Products
4. Jute Goods
5. Ceramic Products
• Aftab Bahumukhi Farms Ltd. (Destination - Ghazipur) – Total valuation of the goods exported from Aftab Bahumukhi Bangladesh to Uzbekistan in 2024 – 478 million US dollars.
TOP EXPORTED GOODS
1. Frozen Shrimp
2. Fruits and Vegetables
3. Spices
4. Jute Products
5. Ready-made Garments
• Bashundara Paper Mills Limited (Destination - Keraniganj) – Total valuation of the goods exported from Bashundara Paper Mills Limite Bangladesh to Uzbekistan in 2024 – 376 million US dollars.
TOP EXPORTED GOODS
1. Paper Products
2. Jute Goods
3. Agricultural Products
4. Textile and Garments
5. Chemical Products
• Apex Footwear Ltd. (Destination - Gulshan) – Total valuation of the goods exported from Apex Footwear Ltd. Bangladesh to Uzbekistan in 2024 – 289 million US dollars.
TOP EXPORTED GOODS
1. Leather Shoes
2. Sports Shoes
3. Sandals
4. Canvas Shoes
5. Boots
• Unilever Bangladesh Ltd. (Destination – Dhaka) – Total valuation of the goods exported from Unilever Bangladesh Ltd. Bangladesh to Uzbekistan in 2024 – 225 million US dollars.
TOP EXPORTED GOODS
1. Personal Care Products
2. Home Care Products
3. Foods
4. Beverages
5. Personal Hygiene Products
• Meghna Group (Destination - Dhaka) – Total valuation of the goods exported from Meghna Group Bangladesh to Uzbekistan in 2024 – 178 million US dollars.
TOP EXPORTED GOODS
1. Cement
2. Consumer Goods
3. Steel Products
4. Textiles
5. Pharmaceuticals
• Bata Shoe Company (Destination - Bogra) – Total valuation of the goods exported from Bata Shoe Company Bangladesh to Uzbekistan in 2024 – 159 million US dollars.
TOP EXPORTED GOODS
1. Leather Shoes
2. Sports Shoes
3. Sandals
4. Formal Shoes
5. Children's Shoes
Que. What is the total bilateral trade value of Bangladesh and Uzbekistan in 2024?
Ans. The total bilateral trade value of Bangladesh and Uzbekistan in 2024 is 2.5 billion US dollars.
Que. Name the top exporting company in Bangladesh in 2024.
Ans. Square Pharmaceuticals Ltd is the top exporting company in Bangladesh in 2024.
Que. What is the top exported product of Bangladesh to Uzbekistan in 2024?
Ans. Uzbekistan Import Data says Readymade Garments are the top exported product of Bangladesh to Uzbekistan in 2024.
Que. Where can you get a detailed trade analysis of the bilateral trade relationship between Bangladesh and Uzbekistan in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the bilateral trade relationship between Bangladesh and Uzbekistan in 2024.