Bangladesh

Market overview

Bangladesh has extended its lockdown until 30 May 2020 to contain the spread of COVID-19. Some restrictions have been eased with government offices, factories, farms, logistics operations and export-oriented units commencing operations subject to strict government regulations.

All passenger travel by water, rail or air, as well as all public transport on roads has been restricted until 30 May. However, transport of essential goods is outside the purview of the lockdown.

Resources for Bangladesh

Export support
Podcast
3:58
Last updated: 15 Apr 2020
Podcast: COVID-19 update for India, Sri Lanka & Bangladesh, 16 April

Ralph Hays, New Zealand's Trade Commissioner in Mumbai, gives an update on the current COVID-19 situation in India and takes...

Watch now

Economy and trade

Bangladesh's garment industry, which accounts for 84% of the country's US$40 billion export sector, is gradually being opened up for business. Some 2,000 factories in three districts have been allowed to open on the back of fresh orders coming in from Asian countries.

The Bangladesh government has also announced a $558 million aid package for the garment sector to pay its workers. Bangladesh's main competitors in the garments industry (Viet Nam, China and Cambodia) have all resumed full operations.

The Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) have co-financed a loan of US$250 million to the Government of Bangladesh. The loan is aimed at strengthening social safety nets and mitigating the effects of the pandemic on vulnerable sections of society.

India has restarted trade in essential goods with Bangladesh, with a first consignment of 2,000 tonnes of onions. Other essential items will follow to help Bangladesh keep food inflation under control.

Supply chain, logistics and freight

Bangladesh's ports and customs services are operational on a limited scale to facilitate import and export shipments.

The Port of Chittagong, which handles 90% of Bangladesh's seaborne trade, is fully operational but continues to face a pile-up of containers due to inadequate transport facilities. In-country sources indicate there has been some improvement due to efforts by port authorities to clear the backlog.

While international and domestic passenger flights have been suspended, cargo flights are operational but with reduced frequency.


Additional resources

Below you can find information and contact details for other New Zealand government and international agencies regarding their response to COVID-19.

New Zealand Government agencies

Covid19.govt.nz
COVID-19 helpline for businesses
Business.govt.nz
New Zealand Customs
Ministry for Primary Industries (MPI)
New Zealand Export Credit (NZEC)
MFAT Export Helpline
MFAT Safetravel
Callaghan Innovation
Immigration
Ministry of Health
WorkSafe New Zealand

Global agencies

World Health Organization (WHO)
Centers for Disease Control and Prevention (CDC)

Contact NZTE

We're available to talk to you about any issues your export business is facing due to COVID-19.

For existing NZTE customers, please contact your New Zealand-based Customer Manager.

If you're unsure who to contact or haven't worked with us before, you can call NZTE on 0800 555 888 or email below and one of our Customer Advisors will help you.