Trade volume between Switzerland and Bangladesh has more than tripled since 2010, but there is still a lot of potential for a further increase. Trade in 2019 amounted to CHF 786 million, with exports to Bangladesh accounting for CHF 174 million and imports from Bangladesh accounting for CHF 612 million (source: Swiss Custom Administration). The main exports from Switzerland are machineries for the textile sector, followed by pharmaceutical and chemical products. Textiles and ready-made garments represent more than 90% of the imports from Bangladesh.
Note that Bangladeshi statistics might slightly differ from the Swiss figures. The major reason behind this difference is the fact that sometime articles for Switzerland (e.g. ready-made garments) are included in bigger orders exported to the neighbouring countries of Switzerland, and from there re-exported to Swiss retail shops. The fact that the Bangladeshi fiscal year runs from July to June also explains some differences in statistics.
There is still a potential for increased bilateral trade. The positive image of Switzerland in Bangladesh is an important factor for the promotion of Swiss products and companies on the local market. At present, around 100 Swiss companies are either present or represented (through agents) in Bangladesh.
Swiss investments in Bangladesh are mainly concentrated in the following sectors: chemicals, pharmaceuticals, construction, technical services and fast moving consumer goods. Almost all top Swiss multinational companies are present in Bangladesh and continuously expanding their portfolio. According Bangladesh Bank, Swiss investment-inflow to Bangladesh during fiscal year 2019 stood at USD 49.69 million, marking a 35% growth over the previous year.
Contact to Swiss Embassy
Swiss exporters, importers and investors interested in doing business with Bangladesh are welcome to contact the Swiss Embassy in Dhaka. The Embassy is also ready to answer any general queries about economy and trade in Bangladesh. Please contact us through: email@example.com.