Experience the Best of Bangladeshin Europe

Unveil the true essence of Bangladesh

Best of Bangladesh
in Europe

$ 1 Trillion

Bangladesh is on course to become a $1 trillion economy by 2040.

9th Largest

Bangladesh to become the 9th largest consumer market by 2030.

28th Largest

Bangladesh’s economy to become the 28th largest in 2030.

Top 4

Bangladesh is among the top four in digital economic growth.

Best of Bangladesh

the Rise

Bangladesh – a large country, in a small space; a young and youthful nation; fast-growing economy. Considered a Next Eleven (N-11) Economy. A land where people rebel with aspirations – resolve – innovation to eke out a prosperous future.

the Revolution

In 51 years, Bangladesh continues to advance as a liberal and globally connected economy defying impoverishment and destruction of a brutal war (1971). Export-led industrialization is positioning the country as a key manufacturing hub in global markets.

the Economy

35th largest economy globally, (2022), it is the second fastest-growing major economy. Projected to be the 28th largest, in a decade’s time. Prospects beckon in diverse sectors within Bangladesh.

the People

Bangladesh’s aspiring – diligent – resilient people are driving the country’s economic and social development. Women in farms and factories are key. The motivated human assets are ready to seize opportunities and overcome the challenges confronting the deltaic Bangladesh.

the Culture

For centuries, culture defines the people’s DNA: cuisine, crafts, music, poetry. Transcending beyond people’s faith/religions, the cultural elements weave into a unique tapestry.

the Tag

The “Made in Bangladesh” tag speaks of Bangladesh’s growing economic strengths and her increasing presence in the global economic landscape, not just as the world’s 2nd largest and a responsible-ethical-transparent Apparel-maker.

Emerging Industries
for Bangladesh

Apparel/Textiles

Bangladesh is the 2nd largest exporter of garments in the world. Almost 80% of the country's export revenue comes from RMG industry alone. The high demand for Bangladeshi garments increased its overall exports by 35.47% to $42.61 billion in FY 2021–22. Knitwear exports grew 36.88% YOY to $23.21 billion, while Woven garment exports rose 33.82% to $19.40 billion. The Best of Bangladesh in Europe aims to showcase these success stories to international buyers, brands, and distributors.

Light Engineering, Electronic

Bangladesh's Light Engineering Sector (LES) delivered an outstanding 81% increase in overseas shipments in FY 2020–21. The automobile industry has grown at a rate of 8% per year, reaching a value of $1 billion. The BRTA reported 32,942 registered passenger vehicles in 2017, indicating a promising upward trend for the sector.

Leather

The leather industry in Bangladesh shows incredible potential, with a steady increase in exports since 2010—a trend that continues to rise. The country earned a record-breaking $1.25 billion in export revenue from leather and leather goods in FY2021–22, a solid 32% increase from the previous fiscal year!

Agro-Food

Agro-Food is increasingly becoming a prominent part of Bangladesh's export portfolio. The agricultural industry has a high prospect of boosting the country's external trade. In FY 2021–2022, agricultural goods and their relevant processed foods generated foreign exchange earnings of US$1.16 billion, marking a 13.04% increase over the previous year.

Jute

Bangladesh's jute and jute goods exports totaled $1,127.63 million in FY21. While most industries saw a significant drop in exports during the COVID-19 pandemic, the jute industry's export earnings increased by 8.10% to $882.35 million in FY20 due to rising demand for eco-friendly products, making it the 2nd largest export earner after RMG.

Digital Industry

Bangladesh's digital industry is thriving with a primary focus on outsourcing Information Technology (IT) services. FY22 marked an outstanding $596 million in IT exports, displaying a remarkable 95% year-on-year growth. According to BASIS estimates, the unofficial annual earnings from the IT sector are now over $1.3 billion. As the world shifts toward a more digital economy, Bangladesh looks forward to flourishing in this sector.

FMCG

Bangladesh's Fast-Moving Consumer Goods (FMCG) sector is steadily expanding, with gross sales going from $3.7 billion in FY21 to $3.9 billion in FY22. Frozen food accounts for roughly 23% of the country's total agricultural exports. Shrimp exports alone account for approximately 90% of total frozen food exports—nearly 4.43% of the country's GDP, which is soon expected to rise to 10%.

Pharmaceutical/ Health

Bangladesh is committed to delivering affordable and accessible healthcare. The country is proud to be the only LDC meeting nearly 98% of the domestic pharmaceutical demand of its $3 billion market. The Health Care segment's annual growth rate (CAGR 2023-2027) is estimated to be an impressive 27.65%!

Ceramic

The Bangladeshi ceramics industry has grown at a double-digit rate over the last decade. The recent government incentive of 10% cash on exports is likely to further increase ceramic product exports. Experts predict that exports in this sector will reach $1 billion by 2025.

Bicycle

Bangladesh is currently the 3rd largest bicycle exporter to the European Union and the 8th largest exporter globally. Following COVID-19, the bicycle industry's exports in FY2020–21 totaled around USD 130 million, a 50% increase over the previous year.

Apparel/Textiles

Agro-Food

Leather

Handicraft

The increasing global demand for environmentally friendly products is a huge opportunity for the handicraft sector to rise. Bangladesh earns about US$20 million each year from handicraft exports. During the July-January period of FY2020–21, handicraft exports rose by 48.22 percent and earned US$19.61 million. The country earned $20.52 million during FY 2019–20 and $19.95 million in FY 2018–19.

Engineering

Fintech

The Fintech market in Asia-Pacific is estimated to exceed $150 billion by 2025. Bangladesh has significant potential and many untapped opportunities in this sector, with an annual credit of over USD 7 billion and catering to 35 million people. MFS transactions have increased by about 30% YOY, with 85 million registered accounts. Agent banking has also seen a steep rise post-pandemic, with a 108.38% YoY deposit increase and the addition of more than 6 million bank accounts.

Digital Industry

FMCG