Jute & Jute Products
SUSTAINABILITY & CIRCULARITY
- Bangladesh emerged as the pivotal player in the market for the largest jute producers, accounting for 58% of global production.
- It is the most prominent export leader of Jute products, with primary buyers including China, the European Union, and the United States of America.
- Jute products are exported to around 135 countries.
- Major export destinations for jute markets are Australia, Belgium, Brazil, Canada, France, Germany, Hong Kong (PRC), Japan, Italy, the Netherlands, Poland, Russia, Singapore, South Korea, Spain, and the UK.
- Some exporting items from Jute include Raw Jute, jute yarn, hessian, and diversified jute goods.
- Since July 2016, the export of sacks/hessian has grown by over 15%. In the fiscal year 2022–2023, Bangladesh exported $912.25 million of jute and jute goods.
- In July 2023–2024, export earnings from the sector increased by 3% to $63 million.
Raw Jute Exports
- Bangladesh annually exports about 20 lakh bales (1 bale equals 180 kg) of raw jute.
- The rest of the raw jute is used in local factories to make yarn and jute goods.
- Bangladesh is a top exporter of raw jute and jute-based products globally. In 2022-2023, Bangladesh exported $204.17 million worth of raw jute
Bangladesh Jute Export Data:
- In the fiscal year 2023-2024, jute and jute goods accounted for 1.92% of Bangladesh's total export earnings.
- In 2022, Bangladesh exported $528 million in jute yarn, making it the world's largest exporter in this category.
- In 2022, jute exports from Bangladesh amounted to over $192 million, leading the Asia-Pacific region.