In 2021 after a decade of stagnation, it finally rebounded to USD 1.636 billion in 2021, increasing 58.3 per cent year-on-year and to USD 2.357 billion in 2022 with 44.1 per cent year-on-year increase. However, the increase of Korea’s export to Bangladesh in 2021 and 2022 was mainly led by the hike of Bangladesh’s import of diesel from Korea which rose by 703.8 per cent to USD 972 million in 2022.

Korea’s export of diesel to Bangladesh rose by 450 per cent in 2021 to USD 121 million. While other major export items of Korea to Bangladesh are machinery, petrochemical product, steel and pesticides, etc., they all saw a decrease in 2022.

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