Dhaka, Bangladesh (BBN) – The trade between Bangladesh and Thailand is set to touch US$1.0 billion mark, with Bangladesh’s share accounting for merely 3.0 per cent of the sum, trade officials said.

Thailand’s trade with Bangladesh in the year to February 29, 2011 amounted to $972 million, with exports from the latter fetching only $26 million, a senior of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) reportedly said, quoting the latest report of the Thai customs department.

They said Thailand has now become one of the top-10 highest-exporting countries to Bangladesh.

Major exports from Thailand to Bangladesh include industrial raw materials and finished goods, while shipments of Thai cereals, including rice, and sugar also have posted a sharp rise in recent months.

Synthetic yarns and fabrics and cotton fabrics used by Bangladeshi export-oriented garment industries top the list of industrial raw materials that Thailand exports to Bangladesh. The next major items imported from Thailand include raw materials for plastic manufacturing, white cement, iron scarps, paper boards, chemicals, fork-lifts, and fresh and dried fruits.

BBN/SSR/AD-03Apr11-10:08 am (BST)