According to the Bangladesh-China Chamber of Commerce and Industry (BCCCI), the bilateral trade volume reached around $18 billion in 2020, with China being Bangladesh’s largest trading partner. This figure represents a substantial increase from the $1.1 billion recorded in 2002, highlighting the rapid expansion of trade relations between the two nations.
The main goods that Bangladesh imports from China include machinery, electronic equipment, textiles, iron, steel, and chemicals. These imports play a vital role in supporting Bangladesh’s manufacturing and infrastructure sectors. On the other hand, Bangladesh exports goods such as garments, textiles, leather products, and agricultural produce to China.
Establishment of the China-Bangladesh Economic Corridor (CBEC) aims to enhance connectivity and trade facilitation between the two countries. It is a part of China’s Belt and Road Initiative (BRI) and includes infrastructure development projects such as roads, railways, and ports. The CBEC is expected to boost trade and investment, further strengthening the economic ties between China and Bangladesh.
Despite the growing economic partnership, there are some challenges that need to be addressed. The trade imbalance between China and Bangladesh remains a concern, as Bangladesh heavily relies on imports from China. Efforts are being made to diversify the export basket and increase the value-added exports from Bangladesh to China.
There are primarily three modes of transportation to consider: ocean freight, air freight, and land transportation. Each mode has its own advantages and considerations, depending on factors such as cost, time, and the nature of the cargo.
Ocean freight is a popular choice for shipping cargo from China to Bangladesh due to its cost-effectiveness, especially for larger shipments. The main ports involved in this route are Shanghai Port (CNSHA) and Ningbo-Zhoushan Port (CNNGB) in China, and Chittagong Port (BDCGP) in Bangladesh. The transportation time for ocean freight can vary between 10 and 30 days, depending on the specific route and weather conditions.
Air freight is the fastest mode of transportation, making it ideal for time-sensitive shipments. The main airports involved in this route are Shanghai Pudong International Airport (PVG) and Guangzhou Baiyun International Airport (CAN) in China, and Hazrat Shahjalal International Airport (DAC) in Bangladesh. Air freight transportation time can range from 1 to 5 days, depending on the availability of flights and customs clearance.
Land transportation is an option for cargo shipping from China to Bangladesh, especially for smaller shipments or when the destination is closer to the border. However, this mode of transportation is less commonly used due to longer transit times and potential customs complications. The main land border crossings between China and Bangladesh are the Burimari Land Port and the Benapole Land Port.
When shipping goods to Bangladesh, certain documentation is required to ensure a smooth customs clearance process. The essential documents include:
- Commercial Invoice: A detailed invoice that includes information about the goods, their value, and the terms of sale.
- Packing List: A list detailing the contents of each package, including the quantity, weight, and dimensions.
- Bill of Lading (for ocean freight) or Airway Bill (for air freight): These documents serve as evidence of the contract of carriage and receipt of goods.
- Certificate of Origin: A document that certifies the country of origin of the goods.
- Import License: Some specific goods may require an import license issued by the relevant authorities in Bangladesh.
- Customs Declaration: A document that provides information about the goods being imported, their value, and other relevant details.
It is crucial to ensure that all documentation is accurate, complete, and in compliance with the customs regulations of both China and Bangladesh. Working with experienced freight forwarders or shipping agents can greatly assist in navigating the complex documentation requirements and ensuring a smooth shipping process.
For the instant online quotations from China to Bangladesh use our free online calculator. You can see instantly from multiple shipping companies to compare prices and choose and book the most cost-effective option.