Economy of Bangladesh and Germany

Scaffold in Dhaka

Scaffold in Dhaka, © Photographer Noor Gelal

13.05.2018 - Article

Economy of Bangladesh and Germany

Germany is Bangladesh’s second largest export market after the United States. The volume of bilateral trade is continuously growing, reaching a total of 6.6 billion euros in 2018. Bangladesh exported to Germany goods worth approximately 5.8 billion euros, while its imports from Germany amounted to only around 0.8 billion euros. Textiles account for over 90 percent of German imports from Bangladesh. Other exports to Germany include frozen foods and leather goods. Germany’s main exports to Bangladesh are machinery (more than 50 percent of total exports), chemical products (17 percent) and electrical goods (11 percent).

German companies have invested in Bangladesh, particularly in the textile, transport, energy, logistics sectors and the building materials industry.

A bilateral investment promotion and protection agreement has been in force since September 1986 and a double taxation agreement since 1993.

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