The Import, Export and Trade Industry in Bangladesh
Everyday millions of tonnes of goods are shipped across the world to satisfy the demands of businesses and consumers alike. Globalisation has increased this flow of products, with huge investments made to outsource processes to emerging markets such as Bangladesh. This has meant a growth in the amount of goods leaving Bangladesh. Given the growing economic prosperity of the region, this export is becoming offset by goods coming into the country in the form of imports. Import / export trade is therefore a truly international industry that involves the movement of products between both neighbouring nations and those on opposite sides of the world, regulated by the World Trade Organisation (WTO). Today, Bangladesh is importing a lot of products. The principle of import policy is to import the goods needed for local production and consumption: fabrics, plastics, fertilizers, machinery, transport equipment, cement, construction materials and oils.
Bangladesh’s government is becoming increasingly supportive of the import / export trade, leading to growth in the sector within the country. Rising wages are leading to greater disposable incomes, in turn meaning increased importation of foreign consumer goods. Socially, the people of Bangladesh are developing a taste for Western products, imported from countries such as the USA. Technological developments mean that consumers in Bangladesh are now able to look for products in markets across the world and order these at the click of a button. All of these factors mean one thing: a growth in import / export jobs in Bangladesh.
What kind of companies operate in the industry?
Although it is predominantly large, multinational corporations (MNCs) that orchestrate international trade, smaller organisations are also involved in the movement of goods. Given that many of these large companies now have international value chains, they have devolved their production process across the planet. Whilst it is possible to work for a smaller organisation, many of the job roles in the industry lie with the MNCs.
What kind of jobs are there?
The most obvious positions in the industry involve the direct movement of goods, meaning that the industry is heavily linked to the Logistics job category. Given this, some of the common roles in the industry are:
- Responsible for managing the flow of products so that they reach their destination in a timely capacity as and when demand for them dictates
- Coordinate the receipt, storage and distribution of freight goods
As import / export relies on transport by air, sea, or road, roles such as Driver and Pilot are also extremely important in the industry. The cargo transported has to be produced, and this is where Manufacturing comes in. Jobs in this area involve the creation and production of products – often clothing. Positions also exist within the Accounting / Finance sector: the industry relies upon forecasting provided by economists. Job progression in this industry is often about experience and networking. Individuals with good strengths in both of these areas can progress into positions in larger companies with a lot more responsibility.
How to get into the industry
Educational requirements are hugely variable within the industry. Logistics or warehousing may require an educational background in business, whilst becoming a pilot requires extensive technical qualifications. Conversely, however, a manufacturing role in a factory, or driving a truck loaded with goods requires little to no formal education.
Why get an import, export and trade job in Bangladesh?
In the globalised world of the 21st Century, import / export jobs are both widespread, and here to stay. Jobs in the industry offer exciting prospects and the opportunity to operate in a truly international career, with the potential option for foreign jobs in the future. With Everjobs, you can find the best import / export trade vacancies available, so what are you waiting for? Apply today!