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Indian Coal Exports: A Deep Dive into Market Dynamics and Future Prospects
India's coal sector is poised for substantial growth, with predictions indicating a significant increase in coal exports by 2024. As the world's second-largest producer and consumer of coal, India plays a crucial role in the global energy market. This article delves into the key aspects of Indian coal exports, including production trends, export data, top exporters, and port infrastructure, providing insights crucial for navigating this dynamic sector.
India's Coal Production and Consumption
India's coal industry is a cornerstone of its energy landscape, supplying about 55% of the nation's energy needs. In FY 2022, India extracted 777.31 million metric tons (MT) of coal, with a notable increase in overall production in the subsequent years. In 2022-2023, coal production reached 893.190 MT, marking a 14.77% increase from the previous year. Conversely, lignite production decreased slightly by 5.27% to 44.990 MT.
The major coal-producing states include Jharkhand, Chhattisgarh, Odisha, and Madhya Pradesh. Odisha led with 24.52% of the total coal production in 2022-2023, followed by Jharkhand and Chhattisgarh. For lignite, Tamil Nadu, Gujarat, and Rajasthan are the top producers.
Coal Export Trends
India's coal export landscape is evolving, with notable shipments to neighboring countries. In 2022-2023, India exported 1.163 million MT of coal, showcasing a stable export volume compared to previous years. The primary export destinations are Bangladesh and Nepal, which together accounted for a substantial portion of the exports.
From April to November 2023, India exported 0.78 million MT of coal. Major coal export destinations include:
Nepal: 0.833 MT
Bangladesh: 0.245 MT
Bhutan: 0.053 MT
Other Countries: 0.032 MT
The leading ports facilitating these exports are Bedi Port, Cochin Port, and Ennore Port, among others.
Key Players in the Coal Export Market
India's coal export sector features several prominent players. Top exporters include:
Aarjay Minerals
MMTC Limited
Angelique International Ltd
Deccan Overseas Pvt Ltd
Kowa India Pvt Ltd
These companies are instrumental in driving India's coal export growth, tapping into various international markets.
Comparative Global Coal Export Data
Globally, Indonesia and Australia dominate coal exports, with Indonesia leading with $104.30 billion in coal export value, followed by Australia at $83.30 billion. Other significant exporters include Russia, the USA, and South Africa. India's coal export value, while growing, is still catching up with these leading nations.
Future Outlook
India's coal sector is on a promising trajectory, with significant potential for growth in exports. The global coal market is projected to expand from $1.5 trillion in 2022 to over $2.3 trillion by 2027, driven by coal's role as a major energy source. India's strategic planning, legal compliance, and market insight will be crucial in capitalizing on this growth.
Conclusion
To succeed in the coal export market, Indian exporters must focus on understanding market needs, staying updated with current data, and leveraging logistical efficiencies. Platforms like Exportimportdata.in offer valuable resources, including coal HS codes, export data, and lists of top exporters, to aid businesses in navigating the complex global trade environment.
For the latest coal export data, detailed market insights, and comprehensive export intelligence, explore Exportimportdata.in today. Set up a free live demo to see how our platform can support your business in the competitive coal export sector.
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The Growing Demand for Coal Imports in India: A Comprehensive Analysis
Coal remains a critical component of the global energy mix, particularly in emerging economies like India, where it plays a key role in power generation and industrial growth. Despite the global shift toward renewable energy, coal continues to be indispensable for India, thanks to its abundance and cost-effectiveness. This article explores the state of coal imports in India, highlighting major importers, coal types, and market trends.
The Expanding Indian Coal Market
India’s coal market is poised for significant growth. The market is expected to expand from 0.97 billion tons in 2024 to 1.40 billion tons by 2029, driven by an impressive compound annual growth rate (CAGR) of 7.57%. This surge is attributed to the country’s increasing power generation capacity, rising electricity demand, and rapid industrial and infrastructural developments. As India's population and economy grow, so does the need for affordable, reliable energy sources—making coal imports a critical element of the energy supply chain.
India’s Reliance on Coal Imports
Although India holds the world’s fifth-largest coal reserves, the quality of domestic coal is often insufficient to meet the country's high-energy demands, particularly in sectors like steel production. Consequently, India relies heavily on coal imports. As of 2023-24, India imported 268.24 million metric tons (MT) of coal, an 8% increase from the previous year. This makes India the second-largest importer of coal globally, accounting for 17.5% of the world’s total coal imports.
Factors Driving Coal Imports in India
Several factors are contributing to the rise of Indian coal imports:
High Domestic Demand: As India's economy continues to grow, so does its energy consumption, particularly in electricity generation and industrial production.
Quality of Domestic Coal: Indian coal tends to be of lower quality, leading to higher import volumes to meet specific industrial needs, especially in sectors requiring high-grade coking coal.
Infrastructure Development: Ongoing infrastructure projects, including new power plants, steel mills, and transportation networks, require massive amounts of coal to fuel production.
Types of Coal Imported by India
India imports various types of coal, each serving different industrial needs. The four main types of coal imported are:
Lignite Coal: Known for its high moisture content, lignite is primarily used for electricity generation.
Bituminous Coal: This type of coal is used both for generating electricity and producing coking coal, essential for steel manufacturing.
Anthracite Coal: Anthracite is a hard coal used in domestic heating and specialized industrial applications where smokeless fuel is required.
Subbituminous Coal: Mainly used in power plants, subbituminous coal is also convertible into petroleum and gas.
Indian Coal Import Data: 2023-24 Overview
Coal import data reveals that India saw a rise in coal imports during the fiscal year 2023-24. Coking coal imports increased by 6% to 57.89 MT compared to 54.45 MT in the previous year. Meanwhile, non-coking coal imports grew by 2%. July 2024 alone saw a 15.9% jump in coal imports, from 18.82 MT in July 2023 to 21.81 MT.
Top Coal Importing Countries
India ranks second globally in coal imports, with an import value of $49.10 billion, following Japan, which leads with $60.34 billion. China comes in third with $48.32 billion, while South Korea and Taiwan hold fourth and fifth positions with $28.67 billion and $24.74 billion, respectively. Vietnam, Germany, the Netherlands, Turkey, and Malaysia are the top ten coal-importing countries. India’s reliance on coal is largely due to its rapid industrialization. Unlike many developed nations increasingly shifting towards cleaner energy, coal remains a vital and cost-effective energy source for developing countries like India.
Key HS Codes for Coal Imports in India
Understanding the Harmonized System (HS) codes is essential for businesses involved in coal trade. These codes categorize products and streamline international trade. Below are some of the trending HS codes for coal imports in India:
270111: Anthracite coal, non-agglomerated
270112: Bituminous coal, non-agglomerated
270119: Other forms of coal, non-agglomerated
270120: Ovoids, briquettes, and similar solid fuels from coal
These codes help businesses classify their imports accurately, ensuring compliance with trade regulations.
Top 10 Coal Importers in India
Several companies dominate coal imports in India, supplying the nation’s industrial and energy sectors with much-needed resources. Here are the top coal importers in India:
Agarwal Coal
Steel Authority of India Limited (SAIL)
Modi Coal Private Ltd.
Anil Anand Coal Company
Steelmint
Tata International
SRG Group
Coastal Gujarat Power Ltd.
Rashtriya Ispat Nigam
JSW Steel Ltd.
Agarwal Coal is the largest importer among these, playing a pivotal role in meeting India’s coal demand. These companies ensure the consistent supply of coal for domestic industries reliant on this fossil fuel for their daily operations.
Why Coal Imports are Essential for India’s Future
Despite global efforts to transition to renewable energy, coal will remain a significant energy source for India in the coming years. The growing population, increased industrial activity, and ongoing infrastructural developments ensure that coal, both domestic and imported, will continue to be a primary energy driver.
However, to navigate the complex and dynamic coal market, Indian coal importers must prioritize sourcing high-quality coal, stay updated on market trends, and perform due diligence when selecting suppliers. Effective sourcing strategies can help mitigate risks associated with fluctuating coal prices and potential supply shortages.
Final Thoughts
India’s dependence on coal imports reflects its growing energy needs and industrial ambitions. While the country is gradually exploring renewable energy alternatives, coal remains indispensable. To stay competitive, Indian coal importers need to focus on sourcing strategies, industry trends, and maintaining strong relationships with suppliers. If you are interested in the latest coal import data, including detailed lists of importers and HS codes, visit Eximpedia for comprehensive insights.
#coal imports in India#Indian coal imports#coal import data#coal importers in India#coal Hs code#largest importer of coal
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Explore the global coal market with detailed insights into the top coal exporters and importers. Discover coal trade statistics, export and import values, top coal companies, HS codes, and more. Stay updated with the latest coal market trends at Seair Exim Solutions.
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Top 10 Importers in the Philippines
The Philippines, an island nation known for its breathtaking landscapes and rich cultural heritage, is also notable for its significant reliance on imported goods and Importers in the Philippines. Despite its abundant natural resources, the country imports a vast array of commodities due to geographical constraints and insufficient domestic production. In 2023, the Philippines imported goods worth US$159.29 billion, reflecting its substantial dependence on international trade.
Major Imports of the Philippines
The primary imports of the Philippines encompass a wide range of products essential for various sectors of the economy. These include:
Agricultural Products: Due to limited arable land, the Philippines imports significant quantities of food grains, including rice, to meet its domestic needs.
Minerals and Metals: Essential for the country's industrial sector, imports of minerals and metals, including iron and ore, are crucial.
Energy Resources: Petroleum, coal, and other energy resources are major imports necessary for sustaining the country’s energy requirements.
Transportation Equipment: Automobiles and other transportation-related equipment are regularly imported to support the growing infrastructure.
Pharmaceutical Products: The healthcare sector relies heavily on imported pharmaceutical products to ensure the well-being of its population.
Top Import Partner of the Philippines
The Philippines' top import partners are key to understanding the flow of goods into the country. These partners include:
China: US$29 billion
Indonesia: US$13.9 billion
Japan: US$13 billion
South Korea: US$12.7 billion
United States: US$9.69 billion
Singapore: US$8.46 billion
Thailand: US$7.65 billion
Malaysia: US$6.68 billion
Vietnam: US$4.77 billion
Other Asian Nations: US$7.09 billion
Top Importers in the Philippines
Several prominent Importers in the Philippines are key players in the import market. These include:
Nike Philippines, Inc.
Imports sports and athletic products primarily from Thailand, worth approximately $65,000 annually.
HS Codes: 61034300000, 61045300000, 61099020000
Port: Manila International Port
Johnson & Johnson, Inc., Philippines
A leading healthcare brand importing goods worth about $70,000 annually from Malaysia.
HS Codes: 34013000000, 33049930000, 33051090000
Port: Manila
Shin Etsu Magnetics Philippines Inc.
Imports magnetic products from Malaysia, valued at around $3.3 million annually.
HS Codes: 85051900000, 85051100000
Port: Manila International Container Port
Trans Tec Intl. Mktg Phils Inc
Engages in the marketing and distribution of electronics, importing goods worth $55,000 annually from South Korea.
HS Codes: 85149090000, 85044040000, 84212119000
Audio Video Solutions Corporation
Imports high-quality audio and video technology products from China, worth over $90,000 annually.
HS Codes: 851810900000, 85182290000
Bakels Philippines Inc.
Dominates the bakery ingredients market, importing goods worth at least $100,000 from Switzerland, Sweden, and China.
HS Codes: 021020000, 39232119000, 21021000000
Port: Manila International Container Port
HP PPS Philippines, Inc.
A subsidiary of HP Inc., importing semi-finished and finished technology products valued at $200,000 from Vietnam, China, and Malaysia.
HS Codes: 84433239000, 84439990000, 84439920000
Jejors Construction Corporation
Imports construction-related goods valued at around $60,000.
HS Codes: 84295200000, 84295200000, 84791010000
Port: MCT-Phividec
Amkor Technologies Philippines, Inc.
Imports semiconductor products valued at $55,000 from the USA and Ireland.
HS Codes: 85411000000, 85411000000, 85411000000
Rikio Southeast Asia Inc.
Imports raw materials for footwear manufacturing from China, Pakistan, and South Korea, valued at around $50,000 annually.
HS Codes: 39204900000, 52079000000, 39201019000
The Dependency on Imports
The Philippines’ heavy reliance on imports is influenced by several factors, including limited agricultural land and the need for various raw materials and finished products. While the country aims to increase agricultural self-sufficiency, achieving this will require substantial investment and time. The dependency on imports, particularly for essential goods like food and energy, underscores the importance of robust international trade relationships.
Conclusion
Understanding the import landscape of the Philippines reveals its complex economic dependencies and the critical role of international trade. Key import partners and major importers in the philippines are essential to the country's economy, helping meet the diverse needs of its population. For businesses seeking updated information on importers in the Philippines, platforms like Eximpedia offer valuable insights and comprehensive data to support informed trade decisions.
By leveraging accurate and up-to-date import data, traders can effectively navigate the Philippine market and enhance their business operations in this dynamic region.
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Russian import export data | Global import export data provider
We examine the global commerce market and customized the most crucial import-export data which is beneficial for your trade business. You can Acquire the Russian import-export data and boost your market sales and expand your business in the Russian market. Russian coal exports to Turkey rose to $14.6 MT in 2023. Acquire the verified custom data sample from the trusted global import export data provider by clicking the below link - https://eximtradedata.com/
More information about EU Natural Gas Imports From Russia Hit Record $5.5 Billion in FY 2023 : https://globalimportexportdataprovider.blogspot.com/2023/09/eu-natural-gas-imports-from-russia-hit.html
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All about Indonesia Export Import Data 2023
Are you planning to do international trade with Indonesia? If so, it is important to consider the trade scenario of the country so that you can make informed business decisions.
A Global Import Export Data will help you provide deep insights about the trade dynamics of the country. It will contain key inputs that will help the businesses plan their moves accordingly.
All about Indonesia imports
As per Indonesia Import Data the main imports of the country are crude petroleum, telephones, planes, helicopters, and space craft. The main import partners are China, Singapore, Japan, Thailand, and United States.
In terms of imports, consumer imports fell by 10.93%, imports of capital goods fell by 16.73% and the largest fall was in imports of raw materials at 18.32%. The decline was due to fall in the demand during the pandemic era.
The real-time and accurate import data provides accurate, authentic and real-time information to the importers of the country and contains details like HS code, quantity, price, the country of origin, custom data, shipment data and competitor’s address and more.
The country hardly has its own technological capacity. Most of the machines have to be imported. Machine production in the country is small and thus it imports machineries. The largest import goods group in Indonesia is electrical machinery and equipment.
All about Indonesia exports
As per the Indonesia Export Data the main exports of the country are oil and gas, minerals, crude petroleum, electrical appliances, and rubber products. The key exporters are China, Japan, Singapore, and South Korea.
The United States of America is Indonesia’s significant export partner. Indonesia exports textiles, footwear and headgear to USA. Although Indonesia is a net oil importer, the country continues to export crude oil and condensates.
Indonesia is the world’s biggest exporter of thermal coal, palm oil, refined tin and major seller of nickel based steel, copper and rubber. The country has generous natural resources including natural gas, crude oil, tin, copper and gold. Thus exports these to other countries.
Wrap up
Indonesia export import data help the businesses to know the trade dynamics of the country. It will help them plan their moves accordingly. The data provides a larger picture of the trade scenario and helps the businesses make accurate decisions.
Indonesia export import data helps importers and exporters make data-based decisions for success in their international trade.
All about USA Export Import Data 2023
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Indian Shipment Data — To Track Shipments of India
For the economy of India, the Import And Export Data of goods and services are considered to be a vital part. Indian Import and Export Data of India is an essential material for every trader as it enables them to have significant information about the prevailing condition of the market and current market trends. Through proper market research, the traders can analyze the competition in a better way. Real-time Import and Export Data of India permits them to have accurate details without searching much.
Being the 17th largest economy and most complex one in the world, India is gradually trying to reduce its rate of imports yet the major products that it imports include crude petroleum, gold, coal, coke, briquettes, petroleum gas, and various other chemical products. Major countries with which India completes its trading process include China, United States, UAE, Saudi Arabia, and Switzerland.
On the other hand, the products that India Export Data include precious stones, metals, mineral fuels, pharmaceutical products, machinery, etc. Among its exporting partners, the major ones are China, the USA, United Arab Emirates, Hong Kong SAR, and Singapore. Exports of India have shown an increase by 58.2% year-on-year while recording a high USD of 34 billion in March 2021.
Shipment Data India consists of the bill of entry that files with the Indian customs made by Indian importers. It registers the names and addresses of the Indian importers along with their contact details like telephone and fax numbers. Other than that, a description of the product, shipment date, price, HS Codes, and the quantity of product is mentioned. The report of shipment data provides complete details about the active Indian buyers that are authentic. The most important Indian ports through which goods are brought in include Bombay Port Trust (BPT), Kolkata Sea and Air, Chennai (Madras) Sea and Air, Bangalore ICD, Delhi IGI Airport, and many more.
The Exim Data Bank being the premier financial institution of Import And Export Data of the country seeks to build up value through investment and integration in foreign trade for the economic rise of India. Export import Exim Data Bank registers about the vital details like duty drawback, Indian import duty, and rates of DEPB. Whereas the import export Exim Data Bank entails Indian foreign trade that India has with over 200 countries in the whole world. It provides Indian Import Data access to the historical as well as current data to the users to analyze the information in a processed form.
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Get Indonesia Import-Export Data- To Search Importers and Exporters in Indonesia
Indonesia is a country in Southeast Asia. It is surrounded by the Pacific and the Indian Ocean. There are various other states situated in Indonesia. Talking about the business perspective of Indonesia, they are good in export and import business. They get benefits and profit from the import-export business. In this blog, you will get complete detail about import data from Indonesia, Indonesia import export data, and Indonesia export data. How Indonesia get benefit from the export and import business? Why Indonesia is so special in this business?
What are Imports and Export?
Import and export are two terms that are related to international business. Any company involved in selling or buying goods and services from other countries comes under import and export. Import means the fund or services which are produced internationally and sold to another country. Export is the service and goods produced domestically and sold to the other country. How Indonesia import-export data do their international business? Have a look below.
What Does Trade Data Include?
Indonesia trade data includes all the movement of goods and services through ports. The ports can be by road, by air, by sea. The Indonesia data will analyze the movement of products in the international market.
Indonesia export-import data includes the following details.
HS code: The harmonized commodity description and coding system used to identify the products.
Product description: the product description gives the detail about the product which is received in Indonesia.
Price quality, importer, supplier, country, etc.
Indonesia Export Data of 2020
The top exporters of Indonesia in 2020 are as follows. Indonesia is the largest exporter of palm oil. Based on the exchange rate of 2020 the depreciated value decreased by 9.6% U.S. dollars. The reduction of percentage is due to the pandemic of COVID-19. Less buyer and international trade reduce Indonesia import-export data.
Palm oil
Indonesia is the largest producer and exporter of palm oil in the entire world. The total U.S. $26 billion annually is subjected to this product. Malaysia shares 34% of palm oil from Indonesia.
Coal
The second-largest Indonesian export data comes from coal. The annual output is the U.S. $11 billion and the capital value is 18%. This value is account for 8.5% of total exports.
Copper ore
Talking about the third-largest exporter it is copper ore. Indonesia shares the U.S. $44 billion with a market capitalization of 7%. The largest gold mine and copper mine is situated in Indonesia. Indonesia export data will give the correct market value.
Gold
Indonesia is the 9th largest gold producer in the entire world. 4% of gold is produced globally from Indonesia. The largest producer of the gold exporter is Switzerland with 28% of gold.
Other products
The other products exported from Indonesia are rubber with the U.S. $3.33 billion, Jewelry with 3.17 U.S dollars, Coconut oil with the U.S, $2.73 billion, Plywood and car with the U.S. $2.08 billion.
Benefits of Export and Import Data
There are certain benefits of Indonesia’s import and export data which are mentioned below.
The supplier and buyer can be evaluated easily. In a particular business, the buyer and the supplier are the two hands for the whole business process.
Helps to identify and keep update with trading activities and information in Indonesia. These activities can be understood using the competition level. Indonesia export data and import data Indonesia needs competition in the market.
Better understanding what customers are looking for which will lead them to profit and popular imports.
The information about the import will enable the researcher to stay updated with the actual market changes and conclusions required.
Indonesia Data to Evaluate Future Growth
How to identify the export data to analyze future business growth? Have a look below to have a better understanding.
The understanding of the international level market is the main criterion. You have to keep updated on the current scenario of the market and the trend for international business.
Evaluation is the second step you need to follow. You can evaluate your position in the industry. Indonesia import-export data need the evaluation process.
Check the basic points that you need from Indonesia export data. Identify all the factors and the improvements which will flourish and give rise to the business.
The last step is to use the data according to your Business Growth.
Import data of Indonesia
The import data Indonesia shares its uniqueness. The Indonesia import statistics of 2020 are as follows.
Machinery’s
The goods and services for machinery and various other parts are imported in Indonesia. The machinery parts include $27 billion of total export.
Mineral
Talking about oil, mineral fuels and other types of the mineral consumer products are $23 billion of total import value.
Electronics
The import data Indonesia shares $20 billion from total export for an electronics product. Indonesia’s import-export data is quite different for different products.
Steel and Iron
The import data Indonesia have shared $10 billion of total import value. Iron and steel products have their unique journey.
Plastic
The article and plastic shares $9 billion of total export. Apart from it, optical medical value shares $3 billion.
Top Export and Import Country of Indonesia
The top importer of Indonesia is China, Singapore, Japan, Thailand, United States of America, South Korea, Malaysia, Australia, India, and Vietnam. Import data Indonesia depends upon these countries.
The top exported of Indonesia in the United States of America, Japan, Singapore, India, Philippines, Thailand, Hong Kong, Australia, Bangladesh, United Arab Emirates, Belgium, and France. Indonesia import-export data always have a fresh start of business. Indonesia export data develop with the following countries.
Conclusion
The import data shows that China has been the top import country of Indonesia. The Indonesia trade statistics share 26.2% of total imports. Business is something you need to flourish with your mind. Till now you might be aware of import data Indonesia, Indonesia export data, and Indonesia import-export data. Business is something you need to learn with your experience and knowledge. International business will give you profit in long run. Be the part of Indonesia import-export business
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Rise of Coal Imports in India: Implications For Energy Security
Learn about the latest insight on coal import in India Explore major coal importers, import destinations, and HS codes. Get actual coal import data instantly.
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China Import Export Data | china import export data of electronic components
We are the most prominent global Import Export Data provider company in the world. We are offering you the China Import Export Data. In the form of data, We provide you with all the import-export crucial information related to China's Import Export sector such as HS code invoices, bills, total shipments, total USD value, etc. China curbs the exports of electronic components. you can download our sample import export data of China by clicking the link below. - https://eximtradedata.com/china-import-export-data
More information about Chinese companies to begin importing coal from Australia : https://globalimportexportdataprovider.blogspot.com/2023/07/chinese-companies-to-begin-importing.html
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Bangladesh Import Export Data with Shipment Detail
Bangladesh is the south Asian country and the eighth popular nation in the world. As per Bangladesh Export Data the country stood at the 20th rank in terms of global exports. The country’s export valued USD 45 billion in 2019.
As per the Bangladesh custom data, the top exports of the country are apparel & clothing, textile, footwear, fish, leather and tobacco. Top export partners of Bangladesh include United States, Germany, Spain, United Kingdom, France, Italy, Canada, Japan, Netherlands and Belgium.
The country is the fastest developing economy and is world’s 35th largest country by nominal terms and 30th largest by purchasing power parity. The major industries of the country are agriculture, manufacturing, ship building, ship breaking, tourism, finance and information and communication technology.
According the Bangladesh Import Export Data, the top 10 export commodities at 2 digit level HS code accounted roughly above 90% to overall value of export shipments recorded in 2019. Apparel and clothing was leading gainer among the country’s top 10 export categories.
Shipment data also showcases the top 10 export partners accounted for 68% to total value of export shipments. For past several years United States has been the largest export partner of Bangladesh.
Around 90% of the total exports from Bangladesh to the United States are readymade garments. The country is the second largest apparel exporters to United States after China. The major exports to Germany are fish, vehicles, articles of leather, animal gut and carpets.
As per Bangladesh Import Data, the country’s imports valued USD 50 billion in 2019. The country stood 18th position in imports all across the globe. As per the country’s trade data, major imports are cotton, machinery, mineral fuels, oils, electrical machinery and equipment, iron and steel, plastics, vehicles, man- made staple fibres, animal or vegetable fat, oils and cereals.
The top import partners of the country are China, India, Singapore, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Brazil and Kuwait. The country has planned to import hydropower from Bhutan and Nepal as about 56% of the country’s commercial energy is generated by natural gas, followed by oil, hydropower and coal.
As per Bangladesh Shipment data, the country is highly dependent on imports from its neighbouring countries including China and India. The country’s top 10 import products accounted for 60% to country’s total imports in 2019.
Among top 10 imports of the country, minerals fuels, and oils was the largest gainer while cotton recorded a decline in the value as compared to past year. The Bangladesh custom data shows value of the country’s total import shipments have been on the rise since last 5 years.
The country imported cereals in the year 2020 during the pandemic to meet the domestic demand. The top import partners accounted for 64% to overall import shipments in 2019. China and India remained the top import partners of Bangladesh.
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