Jute is one of the most important export commodities of Bangladesh. In fiscal year 2022-23, Bangladesh exported $770 million worth of jute and jute goods, accounting for 0.7% of the country’s total exports.
The main export destinations for jute and jute goods from Bangladesh are Turkey, India, Egypt, the United States, and China. Turkey is the largest importer, accounting for over 20% of Bangladesh’s total jute exports.
| In recent years, the jute industry in Bangladesh has faced a number of challenges, including competition from synthetic fibers, rising production costs, and declining global demand. However, the government of Bangladesh has taken a number of steps to support the industry, such as providing subsidies and tax breaks to jute mills. | Despite the challenges, the jute industry remains an important sector of the Bangladeshi economy. The government is committed to supporting the industry and helping it to grow and compete in the global market. |
Bangladesh exports a variety of jute products, including raw jute, jute yarn, jute sacks and bags, and jute carpets. Raw jute is the largest export item, accounting for over 50% of the total value of jute exports.
The jute industry is an important source of employment in Bangladesh, directly employing over 2 million people. The industry is also a major contributor to the country’s economy, generating over $2 billion in export revenue each year.