The volume of bicycle exports from Bangladesh has been increasing steadily over the years, which now accounts for about 7.5 per cent of our export of engineering products.
Bangladesh is one of the world's top 10 bicycle exporters with its exports bringing nearly $113 millions in the fiscal 2013-14. At present, Taiwan, Thailand, Sri Lanka, Indonesia, the Philippines and China are ahead of Bangladesh in this sector. The principal buyers of our bicycles are the United Kingdom, Germany and Belgium sharing 64.0 per cent, 16.0 per cent and 9.0 per cent of our exports respectively.
There are four bicycle makers in Bangladesh -- two of them are in export processing zones followed by Pran-RFL and Meghna Group.
German-Bangla Bicycles, which is a joint venture between Bangladesh Power Trade Group and German Panther International GmbH, has had operations closed for the past two years.
New competitors, such as Tunisia, Cambodia and Malaysia are coming up fast to grab shares in the rising bicycle export market. For this particular reason the government should take necessary steps to develop this sector by providing adequate incentives to motivate the exporters.
Mohammad Iftekhar Hossain
EMBA Student
Faculty of Business Studies
Jahangirnagar University
2iftekharhossain@gmail.com
Exporting bicycle
FE Team | Published: April 25, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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