Tuesday, June 18, 2024
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HomeTechnical ArticlesKnow HowImport and export from China is halted due to virus outbreak

Import and export from China is halted due to virus outbreak

China’s domestic and export trade has come to a standstill because of the virus outbreak. China is Bangladesh’s leading supplier. Any long-lasting damage to the supply chain with China can have a devastating effect on the economy in Bangladesh.

The Coronavirus (COVID 19) has affected Bangladesh’s major export sectors. About 60 per cent of fabrics from the woven sub-sector in Bangladesh are imported from China. Some 15 to 20 per cent of the raw materials and 80 to 85 per cent of the knitwear sector’s dyeing chemicals and accessories come from China. Those products also face instability in the supply chain. Bangladesh imports from China about 200 containers of cosmetics and toiletries per month. Import and export of these products is halted due to virus outbreak. Bangladesh also imports electrical merchandise manufacturing machinery and spare parts from China.

Certain exports from China to Bangladesh include raw materials for the printing industry, medical device and hospital equipment containers, eyewear industry raw materials and ready-made goods, computer and computer accessories. Prices of raw materials, supplies, and products in Bangladesh have already started to increase due to the supply chain disruption.

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