The Southeast Asian nation Bangladesh has a long history of seafood exports. The government's continuous focus on boosting the country's fisheries sector has indulged the country in being one of the topmost exporters of seafood in the international trade market. The favorable policies and initiatives have been a role player in the global seafood export market of the nation via the promotion of sustainable fishing practices and improvisation of product quality.

The annual export trade value of seafood from the nation in 2024 is recorded at 800 million US dollars. The upsurge in investments towards the modernization of processing facilities has not only enhanced the production quality but has also reduced the cost rate, making the sector a topmost role player in the growing economy.

Types of Seafoods Exported

Bangladesh, with strong international demand from the seafood industry, has recorded diversification in the overall global supplies. According to the Bangladesh Export Data, the top 10 leading variants of seafood exported from the nation in 2024 are,

• Shrimp – The annual export trade value of Shrimp from Bangladesh in 2024 – 189 million US dollars.

• Fish – The annual export trade value of Fish from Bangladesh in 2024 – 86 million US dollars.

• Crab – The annual export trade value of Crab from Bangladesh in 2024 – 76 million US dollars.

• Cuttlefish – The annual export trade value of Cuttlefish from Bangladesh in 2024 – 65 million US dollars.

• Lobster – The annual export trade value of Lobster from Bangladesh in 2024 – 48 million US dollars.

• Squid – The annual export trade value of Squid from Bangladesh in 2024 – 34 million US dollars.

• Oyster – The annual export trade value of Oyster from Bangladesh in 2024 – 28 million US dollars.

• Clam – The annual export trade value of Clam from Bangladesh in 2024 – 22 million US dollars.

• Mackerel – The annual export trade value of Mackerel from Bangladesh in 2024 – 14 million US dollars.

• Hilsa – The annual export trade value of Hilsa from Bangladesh in 2024 – 12 million US dollars.

Major Export Markets

The country, actively trading its fisheries production in an international trade manner, has built up a stable trade relationship with different emerging markets, offering valuable pricing ranges to foreign exporters. According to the Bangladesh Trade Data, the top 10 export trade partners of the nation in 2024 are,

• United States – According to the USA Import Data, the annual export trade value of seafood from Bangladesh to the United States in 2024 – 220 million US dollars.

Top 5 variants of seafood exported

1. Hilsa
2. Silver Carp
3. Rohu
4. Mullet
5. Loitta

• Japan – According to the Japan Import Data, the annual export trade value of seafood from Bangladesh to Japan in 2024 – 122 million US dollars.

Top 5 variants of seafood exported

1. Tuna
2. Grouper
3. Squid
4. Scallops
5. Mud Crab

• Germany – According to the Germany Import Data, the annual export trade value of seafood from Bangladesh to Germany in 2024 – 87 million US dollars.

Top 5 variants of seafood exported

1. Dried Fish
2. Salted and Dehydrated Fish
3. IQF
4. Canned Shrimps
5. Grouper

• Spain – According to the Spain Import Data, the annual export trade value of seafood from Bangladesh to Spain in 2024 – 76 million US dollars.

Top 5 variants of seafood exported

1. Cuttlefish
2. Mud Crab
3. Scallops
4. Pollock
5. Haddock

• France – According to the France Import Data, the annual export trade value of seafood from Bangladesh to France in 2024 – 65 million US dollars.

Top 5 variants of seafood exported

1. Tilapia
2. Pomfret
3. Snapper
4. Barramundi
5. Black Tiger Shrimp

• China – According to the China Import Data, the annual export trade value of seafood from Bangladesh to China in 2024 – 48 million US dollars.

Top 5 variants of seafood exported

1. Whiteleg Shrimp
2. Brown Shrimp
3. Squid
4. Abalone
5. Scallops

• Netherlands – According to the Netherlands Import Data, the annual export trade value of seafood from Bangladesh to the Netherlands in 2024 – 43 million US dollars.

Top 5 variants of seafood exported

1. Dried Anchovies
2. Smoked Salmon
3. Salted Cod
4. Canned Tuna
5. Fish Roe

• Belgium – According to the Belgium Import Data, the annual export trade value of seafood from Bangladesh to Belgium in 2024 – 34 million US dollars.

Top 5 variants of seafood exported

1. Bombay Duck
2. Giant River Prawn
3. Mud Crab
4. Spiny Lobster
5. Brown Shrimp

• UK – According to the United Kingdom Import Data, the annual export trade value of seafood from Bangladesh to the UK in 2024 – 28 million US dollars.

Top 5 variants of seafood exported

1. Squid
2. Ark Shell
3. Dried Anchovies
4. Bombay Duck
5. Cuttlefish

• Italy – According to the Italy Import Data, the annual export trade value of seafood from Bangladesh to Italy in 2024 – 16 million US dollars.

Top 5 variants of seafood exported

1. Abalone
2. Clams
3. Catfish
4. Tilapia
5. Sardine

Export Trade Statistics (Past 5 Years Analysis of Seafood From Bangladesh)

Top Seafood Exporting Companies of Bangladesh in 2024

The seafood industry is a major role player in the Bangladesh economy; the country is surrounded by the Bay of Bengal and its extensive coastline and has established its seafood industry over the international trade market from the previous several years. The stability and effectiveness are all because of the essential productivity rate of the manufacturing companies. According to the Bangladesh Customs Data, the top seafood exporting companies of the nation in 2024 are,

1. Apex Seafood’s Limited - Apex Seafood’s Ltd, established in the year 1997, is a reputed company in the nation that has been providing high-quality products to its customers. The strict quality control measures followed by the staff to ensure the international standards level of supplies has made it a role player in the export economy. The annual trade revenue share of the authority in 2024 is around 27.49%.

2. Marine Harvest Bangladesh Limited - It is another role player of the seafood export industry of Bangladesh. The authority is established as a joint venture between Malayan Harvest ASA from Norway and Oceania Fisheries back in 2006. Till date, the authority has been one of the largest producers of black tiger shrimp, demanded most in the international trade market. The annual trade revenue share of the authority in 2024 is around 22%.

3. Blue Ocean Foods Ltd - Wrapping up the top companies list, Blue Ocean Foods Ltd. is the third of the top seafood exporting companies of Bangladesh. The wide range of products offered by the authority like fish, shrimp, crab, and other seafood items has made it rank among the leading exporting companies. The annual trade revenue share of the authority in 2024 is 16.75%.

The Top Trade Policies Supporting the Seafood Export of Bangladesh in 2024

The government authorities of Bangladesh have been continuously implementing several trade policies for a feasible exchange environment of seafood from the domestic trading ports to the international destination ports. According to the Bangladesh Custom Shipment Data, the top trade policies supporting the seafood export of the nation in 2024 are,

1. Duty Exemption for Seafood Exporters - This initiative is one of the major challenges brought up by the government authorities of Bangladesh in the seafood export industry. The initiative was announced to address the issue of high import duties on raw materials and equipment, mostly needed for the processing and packaging of seafood materials. The initiative has helped reduce production costs while increasing competitiveness in the international market.

2. Investment Incentives - The authority offering attractive investment incentives for encouraging the local businesses towards a shift in modern technology and infrastructure has been fueling up the overall export rate of Bangladesh. The investments are expected to increase the productivity level while enhancing the product quality, also introducing diversifying ranges of services in the global supplies.

3. Streamlined Export Processes - The government authorities have taken steps to streamline the export processes by implementing an e-permit system to eliminate manual processes and reduce bureaucratic delays. They have been a role player in the seafood export industry of Bangladesh. The initiative allows exporters to obtain permits, licenses, clearances, and other necessary documents through a single portal, making the transportation of goods easier in the international market.

CONCLUSION

Import Globals gives a detailed trade analysis of the total amount of seafood exported from Bangladesh to the leading importing destinations. The trade analysis covers all the crucial trade insights like HS code, product name, transportation port, destination port, quality, and quantity of goods for giving a proper briefing of the investment opportunities to the business holders who are proactively looking for competitors, increasing engagement in different sectors.

FAQ'S

Que. What is the export trade value of seafood from Bangladesh in 2024?
Ans. The export trade value of seafood from Bangladesh in 2024 is 800 million US dollars.

Que. Who is the top export trade partner of Bangladesh for seafood in 2024?
Ans. The United States is the top export trade partner of Bangladesh for seafood in 2024.

Que. Name the top seafood exported variant of Bangladesh in 2024.
Ans. Shrimp is the top seafood exported variant of Bangladesh in 2024.

Que. Where can you get a detailed trade analysis of the seafood export of Bangladesh in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the seafood export of Bangladesh in 2024.